Alamos Gold (AGI) Set to Announce Earnings on Wednesday

Alamos Gold (TSE:AGI) (NYSE:AGI) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect Alamos Gold to post earnings of C$0.16 per share for the quarter.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.16 EPS for the quarter, meeting the consensus estimate of C$0.16. The company had revenue of C$346.65 million for the quarter. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%.

Alamos Gold Stock Down 3.9 %

Shares of TSE AGI opened at C$20.23 on Tuesday. Alamos Gold has a 1 year low of C$14.80 and a 1 year high of C$22.00. The firm has a 50-day simple moving average of C$18.34 and a two-hundred day simple moving average of C$17.85. The company has a market cap of C$8.03 billion, a P/E ratio of 28.10, a PEG ratio of -2.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 1.06.

Alamos Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.034 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s dividend payout ratio is currently 19.44%.

Insiders Place Their Bets

In other news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of Alamos Gold stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total value of C$559,737.00. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AGI shares. National Bankshares cut their price objective on Alamos Gold from C$27.50 to C$27.00 in a research report on Friday. TD Securities lifted their price objective on shares of Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and boosted their price objective for the company from C$21.75 to C$27.75 in a research report on Tuesday, April 9th. Haywood Securities raised their target price on shares of Alamos Gold from C$20.00 to C$22.50 in a research report on Monday, April 1st. Finally, Jefferies Financial Group set a C$14.00 price target on Alamos Gold and gave the company a “buy” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$22.10.

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.