Wall Street brokerages expect that Alamos Gold Inc (NYSE:AGI) (TSE:AGI) will report earnings per share of $0.04 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Alamos Gold’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.05. Alamos Gold posted earnings per share of $0.01 in the same quarter last year, which suggests a positive year over year growth rate of 300%. The firm is scheduled to report its next quarterly earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Alamos Gold will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.09 to $0.17. For the next year, analysts expect that the business will report earnings of $0.13 per share, with EPS estimates ranging from $0.01 to $0.23. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Alamos Gold.
Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $156.00 million during the quarter, compared to analysts’ expectations of $163.19 million. Alamos Gold had a negative net margin of 8.88% and a positive return on equity of 0.67%. The business’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS.
Several equities research analysts have recently commented on AGI shares. Raymond James lowered shares of Alamos Gold from an “outperform” rating to a “market perform” rating and set a $4.84 price target for the company. in a report on Thursday, February 21st. TheStreet downgraded shares of Alamos Gold from a “c-” rating to a “d+” rating in a research report on Monday, March 4th. National Bank Financial downgraded shares of Alamos Gold from an “outperform” rating to a “sector perform” rating in a research report on Thursday, March 21st. Finally, Credit Suisse Group initiated coverage on shares of Alamos Gold in a report on Tuesday, April 16th. They issued an “outperform” rating and a $7.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.62.
Large investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in Alamos Gold by 18.5% in the 4th quarter. Van ECK Associates Corp now owns 50,412,471 shares of the basic materials company’s stock worth $181,485,000 after acquiring an additional 7,865,458 shares in the last quarter. Investec Asset Management LTD acquired a new stake in Alamos Gold in the 1st quarter valued at approximately $15,112,000. Hsbc Holdings PLC bought a new stake in shares of Alamos Gold in the 4th quarter worth approximately $10,305,000. Morgan Stanley lifted its position in shares of Alamos Gold by 117.2% in the 1st quarter. Morgan Stanley now owns 4,290,001 shares of the basic materials company’s stock worth $21,794,000 after acquiring an additional 2,314,548 shares during the period. Finally, Tocqueville Asset Management L.P. lifted its position in shares of Alamos Gold by 28.4% in the 1st quarter. Tocqueville Asset Management L.P. now owns 9,653,820 shares of the basic materials company’s stock worth $49,041,000 after acquiring an additional 2,136,900 shares during the period. 57.06% of the stock is currently owned by hedge funds and other institutional investors.
AGI traded down $0.09 on Wednesday, reaching $5.16. 1,933,500 shares of the company traded hands, compared to its average volume of 2,076,967. Alamos Gold has a one year low of $2.90 and a one year high of $6.13. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 103.20 and a beta of 0.16.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.78%. Alamos Gold’s dividend payout ratio is presently 80.00%.
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's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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