$0.07 Earnings Per Share Expected for Alamos Gold Inc (NYSE:AGI) This Quarter

Share on StockTwits

Wall Street analysts forecast that Alamos Gold Inc (NYSE:AGI) (TSE:AGI) will post earnings of $0.07 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Alamos Gold’s earnings. Alamos Gold posted earnings per share of $0.01 in the same quarter last year, which would indicate a positive year over year growth rate of 600%. The business is expected to report its next quarterly earnings report on Wednesday, February 19th.

On average, analysts expect that Alamos Gold will report full year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.22. For the next financial year, analysts expect that the company will report earnings of $0.24 per share, with EPS estimates ranging from $0.17 to $0.29. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Alamos Gold.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. The company had revenue of $172.90 million during the quarter, compared to the consensus estimate of $184.13 million. Alamos Gold had a negative net margin of 2.03% and a positive return on equity of 2.12%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis.

AGI has been the subject of several research analyst reports. ValuEngine downgraded shares of Alamos Gold from a “sell” rating to a “strong sell” rating in a research report on Sunday, October 27th. Raymond James reaffirmed a “hold” rating and issued a $10.50 target price on shares of Alamos Gold in a report on Thursday, October 17th. Zacks Investment Research lowered Alamos Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $6.50 price target on shares of Alamos Gold in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.95.

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in Alamos Gold by 113.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,934 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 5,811 shares in the last quarter. Colony Group LLC bought a new stake in shares of Alamos Gold during the third quarter worth $71,000. Violich Capital Management Inc. acquired a new position in shares of Alamos Gold during the third quarter worth $82,000. Envestnet Asset Management Inc. increased its holdings in shares of Alamos Gold by 32.0% during the third quarter. Envestnet Asset Management Inc. now owns 15,050 shares of the basic materials company’s stock worth $87,000 after buying an additional 3,647 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of Alamos Gold during the second quarter worth $159,000. 58.43% of the stock is currently owned by institutional investors.

Shares of NYSE:AGI opened at $5.39 on Wednesday. The company’s 50 day simple moving average is $5.35 and its 200 day simple moving average is $5.97. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 107.80 and a beta of 0.22. Alamos Gold has a 1 year low of $2.90 and a 1 year high of $7.78.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.74%. Alamos Gold’s payout ratio is currently 80.00%.

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.

Featured Article: Determine Your Level of Risk Tolerance

Get a free copy of the Zacks research report on Alamos Gold (AGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Alamos Gold (NYSE:AGI)

Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Hartford Financial Services Group Inc  Shares Sold by Benin Management CORP
Hartford Financial Services Group Inc Shares Sold by Benin Management CORP
SYSCO Co.  Position Reduced by Benin Management CORP
SYSCO Co. Position Reduced by Benin Management CORP
Benin Management CORP Purchases 1,000 Shares of Merck & Co., Inc.
Benin Management CORP Purchases 1,000 Shares of Merck & Co., Inc.
11,677 Shares in Truist Financial Corporation  Acquired by Benin Management CORP
11,677 Shares in Truist Financial Corporation Acquired by Benin Management CORP
Benin Management CORP Decreases Stock Holdings in Paychex, Inc.
Benin Management CORP Decreases Stock Holdings in Paychex, Inc.
Benin Management CORP Decreases Stock Position in Halliburton
Benin Management CORP Decreases Stock Position in Halliburton


© 2006-2020 Ticker Report