Brokerages Anticipate Alamos Gold Inc. (NYSE:AGI) to Post $0.08 Earnings Per Share

Analysts forecast that Alamos Gold Inc. (NYSE:AGIGet Rating) (TSE:AGI) will announce earnings per share of $0.08 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Alamos Gold’s earnings. Alamos Gold reported earnings per share of $0.10 during the same quarter last year, which would suggest a negative year over year growth rate of 20%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Alamos Gold will report full year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.29 to $0.39. For the next financial year, analysts expect that the business will report earnings of $0.46 per share, with EPS estimates ranging from $0.37 to $0.59. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Alamos Gold.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last released its earnings results on Wednesday, February 23rd. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $203.10 million for the quarter, compared to analyst estimates of $202.05 million. Alamos Gold had a negative net margin of 16.19% and a positive return on equity of 4.85%.

A number of equities research analysts have commented on the stock. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Friday, April 29th. Zacks Investment Research downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Friday, May 13th. StockNews.com assumed coverage on shares of Alamos Gold in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Canaccord Genuity Group raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $11.36.

Several hedge funds and other institutional investors have recently made changes to their positions in AGI. Advisor Group Holdings Inc. increased its holdings in Alamos Gold by 5.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock valued at $239,000 after acquiring an additional 1,432 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of Alamos Gold by 1.4% during the first quarter. Moors & Cabot Inc. now owns 106,589 shares of the basic materials company’s stock worth $897,000 after buying an additional 1,500 shares in the last quarter. Clean Yield Group grew its holdings in shares of Alamos Gold by 3.3% during the fourth quarter. Clean Yield Group now owns 54,000 shares of the basic materials company’s stock worth $415,000 after buying an additional 1,700 shares in the last quarter. FDx Advisors Inc. grew its holdings in shares of Alamos Gold by 8.6% during the fourth quarter. FDx Advisors Inc. now owns 22,848 shares of the basic materials company’s stock worth $176,000 after buying an additional 1,803 shares in the last quarter. Finally, National Asset Management Inc. grew its holdings in Alamos Gold by 1.7% in the fourth quarter. National Asset Management Inc. now owns 115,778 shares of the basic materials company’s stock valued at $891,000 after purchasing an additional 1,935 shares during the period. Hedge funds and other institutional investors own 62.33% of the company’s stock.

Shares of NYSE:AGI opened at $7.49 on Monday. Alamos Gold has a 52 week low of $6.51 and a 52 week high of $9.38. The company’s 50 day moving average is $8.10 and its two-hundred day moving average is $7.71. The company has a market cap of $2.94 billion, a PE ratio of -23.41, a P/E/G ratio of 2.32 and a beta of 1.06.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Wednesday, March 16th. Alamos Gold’s dividend payout ratio (DPR) is -31.25%.

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 hectares located in Matachewan in the Northern Ontario, Canada.

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