Alamos Gold Inc. (NYSE:AGI) – Analysts at Raymond James Financial issued their Q1 2017 EPS estimates for Alamos Gold in a report issued on Thursday. Raymond James Financial analyst P. Russo forecasts that the firm will post earnings per share of $0.04 for the quarter. Raymond James Financial currently has a “Outperform” rating on the stock. Raymond James Financial also issued estimates for Alamos Gold’s Q2 2017 earnings at $0.04 EPS, Q3 2017 earnings at $0.04 EPS and Q4 2017 earnings at $0.04 EPS.
Alamos Gold (NYSE:AGI) last released its quarterly earnings results on Wednesday, August 10th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Alamos Gold had a negative return on equity of 3.73% and a negative net margin of 21.64%. The firm had revenue of $120.10 million for the quarter, compared to analyst estimates of $129.13 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The business’s revenue was up 68.7% on a year-over-year basis.
Several other research firms also recently issued reports on AGI. Canaccord Genuity restated a “hold” rating and set a $12.50 target price (down previously from $14.00) on shares of Alamos Gold in a research report on Saturday, August 13th. Desjardins downgraded Alamos Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Bank of America Corp. reiterated a “buy” rating on shares of Alamos Gold in a research report on Tuesday, July 12th. National Bank Financial downgraded Alamos Gold from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $12.00 to $13.00 in a research report on Wednesday, July 13th. Finally, TheStreet upgraded Alamos Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.03.
Shares of Alamos Gold (NYSE:AGI) opened at 8.25 on Monday. The company’s market cap is $2.20 billion. Alamos Gold has a 52-week low of $2.27 and a 52-week high of $10.41. The firm has a 50 day moving average price of $8.33 and a 200-day moving average price of $7.44.
Large investors have recently added to or reduced their stakes in the stock. Scotia Capital Inc. bought a new stake in Alamos Gold during the second quarter worth $108,000. Societe Generale bought a new stake in Alamos Gold during the second quarter worth $112,000. World Asset Management Inc raised its stake in Alamos Gold by 8.4% in the second quarter. World Asset Management Inc now owns 16,435 shares of the company’s stock worth $141,000 after buying an additional 1,274 shares during the period. Princeton Alpha Management LP bought a new stake in Alamos Gold during the second quarter worth $145,000. Finally, Montrusco Bolton Investments Inc. bought a new stake in Alamos Gold during the second quarter worth $165,000. 60.54% of the stock is owned by institutional investors.
About Alamos Gold
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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