Alamos Gold (AGI) to Release Quarterly Earnings on Wednesday

Alamos Gold (TSE:AGIGet Rating) (NYSE:AGI) will be issuing its quarterly earnings data after the market closes on Wednesday, April 27th. Analysts expect the company to announce earnings of C$0.09 per share for the quarter.

Alamos Gold (TSE:AGIGet Rating) (NYSE:AGI) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported C$0.11 EPS for the quarter, meeting analysts’ consensus estimates of C$0.11. The business had revenue of C$256.06 million for the quarter, compared to analyst estimates of C$254.59 million.

Shares of AGI opened at C$11.00 on Wednesday. The firm has a market capitalization of C$4.31 billion and a price-to-earnings ratio of -51.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 2.92. Alamos Gold has a one year low of C$8.30 and a one year high of C$11.61. The stock’s fifty day moving average is C$10.26 and its 200-day moving average is C$9.71.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were issued a dividend of $0.032 per share. This represents a $0.13 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, March 16th. Alamos Gold’s dividend payout ratio (DPR) is -34.88%.

In related news, Senior Officer Colin Webster sold 17,166 shares of Alamos Gold stock in a transaction dated Friday, March 11th. The stock was sold at an average price of C$11.15, for a total value of C$191,347.69. Following the transaction, the insider now owns 20,585 shares of the company’s stock, valued at approximately C$229,458.94.

A number of research analysts have recently commented on the company. BMO Capital Markets lowered their price target on Alamos Gold from C$14.00 to C$11.00 in a report on Wednesday, January 19th. CIBC lowered their price target on Alamos Gold from C$14.50 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, January 19th. National Bankshares raised their price target on Alamos Gold from C$10.50 to C$11.00 and gave the company a “sector perform” rating in a report on Thursday, March 3rd. Canaccord Genuity Group lowered Alamos Gold to a “hold” rating and set a C$10.00 target price on the stock. in a report on Tuesday, January 18th. Finally, TD Securities lowered their target price on Alamos Gold from C$14.50 to C$14.00 in a report on Wednesday, January 26th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$12.00.

About Alamos Gold (Get Rating)

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 ha located in Matachewan in the Northern Ontario, Canada.

Read More

Earnings History 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's FREE daily email newsletter.