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

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

Alamos Gold Stock Performance

Alamos Gold stock opened at $14.97 on Friday. The company’s fifty day moving average price is $13.72 and its 200 day moving average price is $13.22. The stock has a market capitalization of $5.96 billion, a P/E ratio of 28.79, a P/E/G ratio of 3.79 and a beta of 1.15. Alamos Gold has a 1 year low of $10.78 and a 1 year high of $16.01.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.025 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.67%. Alamos Gold’s dividend payout ratio (DPR) is presently 19.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AGI shares. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and raised their price target for the stock from $21.75 to $27.25 in a report on Tuesday, April 9th. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Jefferies Financial Group lifted their price target on shares of Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada lifted their price target on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.