Alamos Gold (AGI) Scheduled to Post Earnings on Wednesday

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Alamos Gold to post earnings of $0.22 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. The company had revenue of $332.60 million during the quarter, compared to the consensus estimate of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. Alamos Gold's revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. On average, analysts expect Alamos Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alamos Gold Stock Down 0.4 %

Shares of NYSE:AGI traded down $0.08 during trading on Wednesday, hitting $20.97. 1,681,629 shares of the stock traded hands, compared to its average volume of 2,340,406. The company has a fifty day moving average price of $19.88 and a two-hundred day moving average price of $17.63. Alamos Gold has a 52-week low of $11.24 and a 52-week high of $21.45. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 40.33, a P/E/G ratio of 0.86 and a beta of 1.18.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.48%. Alamos Gold's dividend payout ratio (DPR) is currently 19.23%.

Wall Street Analyst Weigh In

Several brokerages have commented on AGI. StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a report on Friday, October 4th. National Bank Financial cut shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. Royal Bank of Canada raised their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Finally, Scotiabank boosted their price objective on Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $25.06.

About Alamos Gold

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.