Equities analysts expect Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) to announce $0.05 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Alamos Gold Inc (US)’s earnings. The firm is expected to announce its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Alamos Gold Inc (US) will report full year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.30. For the next year, analysts expect that the company will report earnings of $0.36 per share, with EPS estimates ranging from $0.27 to $0.54. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Alamos Gold Inc (US).
Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The company had revenue of $161.70 million during the quarter, compared to the consensus estimate of $159.65 million. Alamos Gold Inc (US) had a net margin of 2.08% and a return on equity of 1.07%. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) earnings per share.
Several research firms recently issued reports on AGI. ValuEngine downgraded Alamos Gold Inc (US) from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Royal Bank of Canada set a $9.00 price target on Alamos Gold Inc (US) and gave the stock a “hold” rating in a report on Monday, January 15th. Scotiabank lowered their price target on Alamos Gold Inc (US) from $11.00 to $9.00 and set a “sector perform” rating for the company in a report on Monday, December 18th. BMO Capital Markets restated a “buy” rating and set a $11.50 price objective (down previously from $14.00) on shares of Alamos Gold Inc (US) in a research report on Friday, November 24th. Finally, Zacks Investment Research lowered Alamos Gold Inc (US) from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.29.
A number of hedge funds and other institutional investors have recently made changes to their positions in AGI. Empirical Finance LLC bought a new position in shares of Alamos Gold Inc (US) in the third quarter worth $138,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Alamos Gold Inc (US) by 3.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 717 shares during the period. Engineers Gate Manager LP bought a new position in shares of Alamos Gold Inc (US) in the fourth quarter worth $162,000. Oxbow Advisors LLC boosted its holdings in shares of Alamos Gold Inc (US) by 80.2% in the third quarter. Oxbow Advisors LLC now owns 26,072 shares of the basic materials company’s stock worth $176,000 after acquiring an additional 11,605 shares during the period. Finally, Aperio Group LLC bought a new position in shares of Alamos Gold Inc (US) in the fourth quarter worth $196,000. 55.31% of the stock is owned by institutional investors and hedge funds.
Shares of Alamos Gold Inc (NYSE AGI) traded up $0.14 during midday trading on Friday, hitting $5.09. The stock had a trading volume of 1,550,737 shares, compared to its average volume of 2,346,063. Alamos Gold Inc has a one year low of $4.91 and a one year high of $8.58. The company has a market cap of $2,081.47, a P/E ratio of 254.50 and a beta of 0.35.
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Alamos Gold Inc (US) 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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