FY2017 Earnings Estimate for Alamos Gold Inc. Issued By Haywood Securities (AGI)

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Equities research analysts at Haywood Securities decreased their FY2017 EPS estimates for shares of Alamos Gold in a research note issued on Wednesday, Zacks Investment Research reports. Haywood Securities analyst K. Smith now forecasts that the basic materials company will post earnings per share of ($0.05) for the year, down from their prior forecast of $0.02. Haywood Securities also issued estimates for Alamos Gold’s FY2018 earnings at $0.10 EPS.

AGI has been the topic of several other research reports. BidaskClub raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. BMO Capital Markets reissued a “buy” rating and set a $11.50 target price (down previously from $14.00) on shares of Alamos Gold in a research note on Friday, November 24th. ValuEngine raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada set a $9.00 target price on shares of Alamos Gold and gave the company a “hold” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $10.83.

Alamos Gold (AGI) traded down $0.18 during mid-day trading on Friday, hitting $6.14. 2,122,221 shares of the company were exchanged, compared to its average volume of 2,682,830. Alamos Gold has a 1-year low of $5.95 and a 1-year high of $9.00. The firm has a market cap of $2,458.85, a PE ratio of 105.33 and a beta of 0.46.

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. grew its stake in shares of Alamos Gold by 3.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 717 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Alamos Gold by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 507,684 shares of the basic materials company’s stock worth $4,077,000 after purchasing an additional 2,198 shares during the last quarter. Eagle Boston Investment Management Inc. grew its stake in shares of Alamos Gold by 0.7% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 468,017 shares of the basic materials company’s stock worth $3,360,000 after purchasing an additional 3,474 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Alamos Gold by 37.1% in the 1st quarter. Legal & General Group Plc now owns 28,798 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Alamos Gold by 1.8% in the 3rd quarter. Swiss National Bank now owns 505,721 shares of the basic materials company’s stock worth $3,418,000 after purchasing an additional 9,100 shares during the last quarter. 63.00% of the stock is currently owned by hedge funds and other institutional investors.

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Alamos Gold Company Profile

Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.

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Earnings History and Estimates for Alamos Gold (NYSE:AGI)

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