Alamos Gold (TSE:AGI) Releases Earnings Results

Alamos Gold (TSE:AGI) (NYSE:AGI) posted its quarterly earnings results on Wednesday. The company reported C$0.76 earnings per share (EPS) for the quarter, FiscalAI reports. Alamos Gold had a net margin of 49.07% and a return on equity of 22.48%. The company had revenue of C$829.59 million during the quarter.

Alamos Gold Trading Down 2.0%

Shares of Alamos Gold stock opened at C$55.93 on Thursday. The company has a debt-to-equity ratio of 5.27, a current ratio of 1.72 and a quick ratio of 1.06. Alamos Gold has a 1 year low of C$32.90 and a 1 year high of C$75.78. The company has a market capitalization of C$23.49 billion, a P/E ratio of 26.63, a P/E/G ratio of -2.10 and a beta of 1.77. The business has a 50 day moving average price of C$63.95 and a 200 day moving average price of C$56.11.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AGI shares. Haywood Securities reduced their price target on shares of Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. TD Securities lifted their price target on shares of Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Stifel Nicolaus lifted their price target on shares of Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday, February 10th. Desjardins lifted their price objective on Alamos Gold from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, National Bank Financial cut their price objective on Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$76.20.

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.