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.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/national-bank-financial-equities-analysts-reduce-earnings-estimates-for-alamos-gold-inc-agi/1808669.html.

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.

Earnings History and Estimates for Alamos Gold (TSE:AGI)

Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with Analyst Ratings Network's FREE daily email newsletter.