Alamos Gold (NYSE:AGI) Announces Earnings Results, Meets Expectations

Alamos Gold (NYSE:AGI) (TSE:AGI) issued its quarterly earnings data on Thursday. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13, Yahoo Finance reports. The firm had revenue of $277.60 million during the quarter, compared to analysts’ expectations of $271.15 million. Alamos Gold had a net margin of 19.41% and a return on equity of 7.43%. Alamos Gold’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share.

Alamos Gold Price Performance

Shares of NYSE AGI traded up $0.32 during mid-day trading on Friday, hitting $15.30. The company had a trading volume of 2,257,850 shares, compared to its average volume of 2,951,579. The business’s 50-day simple moving average is $13.79 and its 200-day simple moving average is $13.25. Alamos Gold has a 12 month low of $10.78 and a 12 month high of $16.01. The firm has a market cap of $6.09 billion, a P/E ratio of 29.42, a PEG ratio of 3.73 and a beta of 1.15.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s payout ratio is presently 19.23%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AGI. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Sunday, April 14th. Royal Bank of Canada upped their price target on shares of Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday. Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.75 to $27.25 in a report on Tuesday, April 9th. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Finally, Jefferies Financial Group upped their price target on shares of Alamos Gold from $14.00 to $18.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.15.

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.