Alamos Gold (TSE:AGI) Releases Quarterly Earnings Results

Alamos Gold (TSE:AGI) (NYSE:AGI) announced its quarterly earnings results on Wednesday. The company reported C$0.84 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$844.09 million for the quarter. Alamos Gold had a return on equity of 25.24% and a net margin of 51.42%.

Alamos Gold Stock Performance

Shares of AGI opened at C$39.74 on Friday. The company has a debt-to-equity ratio of 4.77, a current ratio of 1.74 and a quick ratio of 1.05. Alamos Gold has a one year low of C$33.11 and a one year high of C$75.78. The company has a 50-day simple moving average of C$46.30 and a two-hundred day simple moving average of C$55.72. The firm has a market capitalization of C$16.69 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of -2.10 and a beta of 1.89.

Wall Street Analyst Weigh In

AGI has been the topic of a number of recent analyst reports. TD lifted their price objective on Alamos Gold from C$70.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. National Bank Financial dropped their price target on Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Canadian Imperial Bank of Commerce dropped their price target on Alamos Gold from C$82.00 to C$75.00 in a research note on Thursday. Finally, Canaccord Genuity Group lifted their price target on shares of Alamos Gold from C$72.00 to C$80.00 in a report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Alamos Gold presently has an average rating of “Buy” and an average target price of C$74.70.

About Alamos Gold

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.