Alamos Gold (TSE:AGI) (NYSE:AGI) – Equities research analysts at National Bank Financial dropped their FY2019 earnings per share estimates for shares of Alamos Gold in a research note issued on Wednesday, May 2nd. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.26 per share for the year, down from their previous forecast of $0.28. National Bank Financial has a “Outperform” rating and a $11.00 price objective on the stock.
AGI has been the topic of several other reports. Canaccord Genuity upped their price target on Alamos Gold from C$13.00 to C$13.50 in a research report on Friday, January 19th. Raymond James dropped their price target on Alamos Gold from C$11.50 to C$10.50 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Laurentian set a C$9.50 target price on Alamos Gold and gave the stock a “buy” rating in a research report on Monday, February 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$11.69.
TSE:AGI opened at C$6.91 on Friday. Alamos Gold has a 1-year low of C$6.19 and a 1-year high of C$10.50.
Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.06 earnings per share for the quarter, meeting the consensus estimate of C$0.06. The firm had revenue of C$205.37 million for the quarter. Alamos Gold had a negative return on equity of 0.80% and a negative net margin of 2.91%.
In related news, Director John Mccluskey acquired 5,000 shares of the stock in a transaction dated Monday, March 12th. The shares were acquired at an average price of C$6.25 per share, with a total value of C$31,250.00. Also, Director Paul Murphy acquired 10,500 shares of the stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of C$6.48 per share, for a total transaction of C$68,040.00. Over the last ninety days, insiders acquired 63,000 shares of company stock worth $418,175.
The company also recently announced a Semi-Annual dividend, which was paid on Monday, April 30th. Shareholders of record on Monday, April 16th were given a $0.013 dividend. This is a positive change from Alamos Gold’s previous Semi-Annual dividend of $0.01. This represents a yield of 0.15%. The ex-dividend date was Friday, April 13th.
About Alamos Gold
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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