Alamos Gold (AGI) Set to Announce Quarterly Earnings on Wednesday

Alamos Gold (TSE:AGI) (NYSE:AGI) will be issuing its quarterly earnings data after the market closes on Wednesday, April 24th.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, February 21st. The company reported C$0.16 EPS for the quarter, meeting the consensus estimate of C$0.16. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The company had revenue of C$346.65 million during the quarter.

Alamos Gold Stock Down 0.4 %

Shares of Alamos Gold stock opened at C$20.58 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. Alamos Gold has a 12 month low of C$14.80 and a 12 month high of C$22.00. The business has a fifty day simple moving average of C$17.99 and a 200 day simple moving average of C$17.70. The stock has a market cap of C$8.17 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of -2.10 and a beta of 0.97.

Alamos Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.034 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.66%. Alamos Gold’s dividend payout ratio (DPR) is presently 19.44%.

Insider Buying and Selling

In other Alamos Gold news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total value of C$559,737.00. 0.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AGI has been the subject of a number of analyst reports. Haywood Securities lifted their price objective on Alamos Gold from C$20.00 to C$22.50 in a research note on Monday, April 1st. Jefferies Financial Group set a C$14.00 target price on Alamos Gold and gave the company a “buy” rating in a research note on Thursday, February 29th. National Bank Financial reissued an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. TD Securities boosted their target price on Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, Royal Bank of Canada raised Alamos Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$12.00 to C$16.00 in a research note on Thursday, January 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Alamos Gold presently has an average rating of “Moderate Buy” and an average price target of C$21.52.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.