Alamos Gold (NYSE:AGI) Releases Earnings Results, Beats Estimates By $0.01 EPS

Alamos Gold (NYSE:AGI) (TSE:AGI) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01, Zacks reports. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%.

Alamos Gold Stock Down 0.1 %

AGI opened at $22.69 on Thursday. Alamos Gold has a fifty-two week low of $11.34 and a fifty-two week high of $23.32. The company has a market capitalization of $9.54 billion, a P/E ratio of 37.81, a P/E/G ratio of 0.38 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm’s fifty day moving average price is $20.07 and its two-hundred day moving average price is $19.62.

Analysts Set New Price Targets

Several research firms recently commented on AGI. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $26.06.

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.