Alamos Gold (NYSE:AGI) Releases Quarterly Earnings Results, Meets Estimates

Alamos Gold (NYSE:AGI) (TSE:AGI) issued its quarterly earnings data on Thursday. The basic materials company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13, Yahoo Finance reports. Alamos Gold had a return on equity of 7.43% and a net margin of 19.41%. The company had revenue of $277.60 million during the quarter, compared to analyst estimates of $271.15 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Alamos Gold’s revenue was up 10.4% on a year-over-year basis.

Alamos Gold Stock Up 2.1 %

Shares of AGI traded up $0.32 during mid-day trading on Friday, hitting $15.30. 2,257,850 shares of the company’s stock traded hands, compared to its average volume of 2,951,579. Alamos Gold has a 1 year low of $10.78 and a 1 year high of $16.01. The firm has a market capitalization of $6.09 billion, a P/E ratio of 29.42, a PEG ratio of 3.73 and a beta of 1.15. The business’s 50-day moving average price is $13.79 and its 200-day moving average price is $13.25.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.65%. Alamos Gold’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Ratings Changes

Several brokerages have recently commented on AGI. Royal Bank of Canada boosted their price objective on Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.75 to $27.25 in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group boosted their target price on Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Alamos Gold has a consensus rating of “Moderate Buy” and a consensus price target of $18.15.

Alamos Gold Company Profile

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.