National Bank Financial Equities Analysts Reduce Earnings Estimates for Alamos Gold Inc (AGI)
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) – Analysts at National Bank Financial decreased their FY2017 earnings per share estimates for Alamos Gold in a report issued on Thursday. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.14 per share for the year, down from their previous forecast of $0.17.
Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings results on Thursday, November 2nd. The company reported C$0.06 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.03. Alamos Gold had a net margin of 22.36% and a return on equity of 5.68%.
Other research analysts have also recently issued research reports about the stock. Desjardins reaffirmed a “hold” rating on shares of Alamos Gold in a report on Monday, December 11th. BMO Capital Markets decreased their price target on shares of Alamos Gold from C$14.00 to C$11.50 in a report on Friday, November 24th. Scotiabank decreased their price target on shares of Alamos Gold to C$11.50 and set a “sector perform” rating on the stock in a report on Monday, December 18th. CIBC decreased their price target on shares of Alamos Gold from C$13.50 to C$12.00 in a report on Thursday, December 14th. Finally, Raymond James Financial decreased their price target on shares of Alamos Gold from C$12.50 to C$12.00 in a report on Monday, October 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$12.50.
Alamos Gold (TSE AGI) opened at C$7.78 on Monday. The firm has a market cap of $3,030.00 and a price-to-earnings ratio of 259.33. Alamos Gold has a 1-year low of C$7.32 and a 1-year high of C$11.83.
In other news, Director Paul Murphy bought 5,000 shares of Alamos Gold stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of C$8.15 per share, with a total value of C$40,750.00. In the last three months, insiders purchased 15,000 shares of company stock worth $120,370.
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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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