Alamos Gold (AGI) to Release Earnings on Wednesday

Alamos Gold (NYSE:AGI) (TSE:AGI) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $257.47 million. Alamos Gold had a net margin of 20.52% and a return on equity of 7.30%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. On average, analysts expect Alamos Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alamos Gold Price Performance

AGI opened at $14.89 on Wednesday. The stock has a market capitalization of $5.92 billion, a PE ratio of 28.09, a P/E/G ratio of 3.75 and a beta of 1.15. The firm’s fifty day moving average price is $13.27 and its 200 day moving average price is $13.06. Alamos Gold has a 12-month low of $10.78 and a 12-month high of $16.01.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.025 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.67%. Alamos Gold’s dividend payout ratio is presently 18.87%.

Analyst Ratings Changes

AGI has been the topic of several recent analyst reports. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Sunday. Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.75 to $27.25 in a research note on Tuesday, April 9th. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Jefferies Financial Group began coverage on shares of Alamos Gold in a research note on Thursday, February 29th. They set a “buy” rating and a $14.00 target price for the company. Finally, Royal Bank of Canada upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $12.00 to $16.00 in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.95.

Hedge Funds Weigh In On Alamos Gold

Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in Alamos Gold by 230.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,948 shares of the basic materials company’s stock valued at $47,000 after buying an additional 2,752 shares in the last quarter. US Bancorp DE grew its position in Alamos Gold by 106.7% in the 4th quarter. US Bancorp DE now owns 4,968 shares of the basic materials company’s stock valued at $67,000 after buying an additional 2,565 shares in the last quarter. Engineers Gate Manager LP bought a new position in Alamos Gold in the 3rd quarter valued at about $81,000. Brown Brothers Harriman & Co. grew its position in Alamos Gold by 58.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock valued at $83,000 after buying an additional 3,665 shares in the last quarter. Finally, IFP Advisors Inc bought a new position in Alamos Gold in the 2nd quarter valued at about $84,000. Institutional investors own 64.33% of the company’s stock.

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.