Equities Analysts Offer Predictions for Alamos Gold Inc’s FY2017 Earnings (AGI)
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) – Research analysts at Desjardins issued their FY2017 EPS estimates for shares of Alamos Gold in a note issued to investors on Monday. Desjardins analyst J. Wolfson anticipates that the company will post earnings of $0.24 per share for the year. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Alamos Gold’s FY2018 earnings at $0.23 EPS, FY2020 earnings at $0.46 EPS and FY2021 earnings at $0.59 EPS.
Several other equities research analysts have also recently weighed in on AGI. Raymond James Financial increased their target price on shares of Alamos Gold from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research note on Thursday, September 14th. BMO Capital Markets cut their price target on shares of Alamos Gold from C$14.00 to C$11.50 in a research note on Friday, November 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$12.63.
Shares of Alamos Gold (TSE AGI) opened at C$7.83 on Tuesday. Alamos Gold has a one year low of C$7.53 and a one year high of C$11.83.
In other news, insider James Porter acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was bought at an average price of C$8.91 per share, with a total value of C$89,100.00. Also, Director Paul Murphy acquired 5,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were purchased at an average cost of C$8.15 per share, with a total value of C$40,750.00. In the last 90 days, insiders have acquired 25,500 shares of company stock valued at $213,975.
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About Alamos Gold
Alamos Gold Inc is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Company’s segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. Its Corporate and other segment consists of exploration and development projects.
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