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.
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.
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