Alamos Gold (AGI) Set to Announce Earnings on Wednesday

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) will be releasing its earnings data after the market closes on Wednesday, July 27th. Analysts expect Alamos Gold to post earnings of $0.08 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last released its quarterly earnings data on Wednesday, April 27th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Alamos Gold had a negative net margin of 16.19% and a positive return on equity of 4.85%. The business had revenue of $184.50 million for the quarter, compared to analysts’ expectations of $180.56 million. On average, analysts expect Alamos Gold to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alamos Gold Stock Performance

AGI opened at $7.43 on Wednesday. The company’s 50-day simple moving average is $7.38 and its two-hundred day simple moving average is $7.62. The stock has a market capitalization of $2.91 billion, a P/E ratio of -23.22, a P/E/G ratio of 2.18 and a beta of 1.05. Alamos Gold has a 52-week low of $6.51 and a 52-week high of $9.22.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $0.10 annualized dividend and a dividend yield of 1.35%. Alamos Gold’s payout ratio is -31.25%.

Analysts Set New Price Targets

AGI has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Alamos Gold from a “hold” rating to a “sell” rating in a research report on Thursday, July 14th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Friday, April 29th. Canaccord Genuity Group increased their target price on Alamos Gold from C$12.00 to C$13.00 in a report on Thursday, June 30th. TD Securities boosted their price target on Alamos Gold from C$16.00 to C$16.50 in a research note on Thursday, June 30th. Finally, Stifel Nicolaus upped their price target on shares of Alamos Gold from C$17.50 to C$18.25 in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Hold” and a consensus price target of $13.09.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Alamos Gold by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 12,820,688 shares of the basic materials company’s stock valued at $107,950,000 after purchasing an additional 169,096 shares during the period. Renaissance Technologies LLC raised its holdings in Alamos Gold by 6.7% during the first quarter. Renaissance Technologies LLC now owns 9,177,531 shares of the basic materials company’s stock valued at $77,275,000 after acquiring an additional 579,511 shares during the period. Invesco Ltd. lifted its position in shares of Alamos Gold by 0.6% in the first quarter. Invesco Ltd. now owns 3,618,108 shares of the basic materials company’s stock valued at $30,465,000 after acquiring an additional 22,229 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Alamos Gold by 89.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,578,189 shares of the basic materials company’s stock worth $13,288,000 after acquiring an additional 743,233 shares during the period. Finally, Easterly Investment Partners LLC grew its position in shares of Alamos Gold by 31.2% during the first quarter. Easterly Investment Partners LLC now owns 887,800 shares of the basic materials company’s stock worth $7,475,000 after purchasing an additional 210,982 shares in the last quarter. 62.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Company Profile

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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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Earnings History for Alamos Gold (NYSE:AGI)

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