Alamos Gold (TSE:AGI) Announces Earnings Results

Alamos Gold (TSE:AGI) (NYSE:AGI) announced its quarterly earnings data on Wednesday. The company reported C$0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.18, reports. The business had revenue of C$374.24 million for the quarter. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%.

Alamos Gold Stock Performance

Shares of TSE AGI opened at C$20.50 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 2.36. The company has a market cap of C$8.14 billion, a P/E ratio of 28.47, a P/E/G ratio of -2.10 and a beta of 0.97. The firm’s fifty day moving average is C$18.55 and its two-hundred day moving average is C$17.91. Alamos Gold has a 52-week low of C$14.80 and a 52-week high of C$22.00.

Alamos Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.034 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.14 annualized dividend and a dividend yield of 0.66%. Alamos Gold’s payout ratio is 19.44%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AGI. Haywood Securities upped their price objective on shares of Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. Desjardins cut their price objective on shares of Alamos Gold from C$19.50 to C$18.75 and set a “hold” rating on the stock in a report on Friday, January 12th. Jefferies Financial Group set a C$14.00 price target on shares of Alamos Gold and gave the company a “buy” rating in a report on Thursday, February 29th. Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and increased their price target for the company from C$21.75 to C$27.75 in a report on Tuesday, April 9th. Finally, BMO Capital Markets increased their price target on shares of Alamos Gold from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.60.

Insider Buying and Selling at Alamos Gold

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total transaction of C$559,737.00. 0.29% of the stock is currently owned by insiders.

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.