Alamos Gold Inc (NYSE:AGI) (TSE:AGI) – Analysts at Desjardins upped their Q3 2020 earnings per share estimates for shares of Alamos Gold in a research report issued on Friday, April 12th. Desjardins analyst J. Wolfson now expects that the basic materials company will earn $0.04 per share for the quarter, up from their previous forecast of $0.02. Desjardins also issued estimates for Alamos Gold’s Q4 2020 earnings at $0.04 EPS.
A number of other analysts also recently issued reports on AGI. Zacks Investment Research upgraded Alamos Gold from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Raymond James restated a “buy” rating on shares of Alamos Gold in a research report on Wednesday, January 16th. CIBC restated an “average” rating and issued a $8.25 price target on shares of Alamos Gold in a research report on Monday, January 21st. Royal Bank of Canada lowered their price target on Alamos Gold from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Wednesday, January 23rd. Finally, ValuEngine upgraded Alamos Gold from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.52.
Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, February 20th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $163.10 million during the quarter, compared to the consensus estimate of $163.25 million. Alamos Gold had a positive return on equity of 0.74% and a negative net margin of 11.14%. Alamos Gold’s quarterly revenue was up .9% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.01 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.81%. Alamos Gold’s payout ratio is 80.00%.
A number of hedge funds have recently added to or reduced their stakes in AGI. Insight Wealth Strategies LLC purchased a new stake in Alamos Gold in the fourth quarter worth $45,000. SNS Financial Group LLC purchased a new stake in Alamos Gold in the fourth quarter worth $47,000. Neuberger Berman Group LLC purchased a new stake in Alamos Gold in the third quarter worth $57,000. Squarepoint Ops LLC purchased a new stake in Alamos Gold in the fourth quarter worth $57,000. Finally, Bbva Compass Bancshares Inc. increased its stake in Alamos Gold by 79.7% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 38,786 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 17,205 shares during the period. Institutional investors and hedge funds own 59.83% of the company’s stock.
About Alamos Gold
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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