Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Alamos Gold to post earnings of C$0.30 per share for the quarter.
Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.33 EPS for the quarter, beating analysts' consensus estimates of C$0.26 by C$0.07. The company had revenue of C$455.07 million for the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%.
Alamos Gold Stock Performance
AGI traded down C$0.16 on Wednesday, hitting C$29.15. The company's stock had a trading volume of 718,061 shares, compared to its average volume of 700,329. The company's 50 day simple moving average is C$26.90 and its 200-day simple moving average is C$23.82. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. Alamos Gold has a 12 month low of C$15.27 and a 12 month high of C$29.66. The firm has a market cap of C$12.23 billion, a P/E ratio of 42.37, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.
Alamos Gold Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.035 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Alamos Gold's previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a dividend yield of 0.48%. Alamos Gold's payout ratio is 20.59%.
Insider Transactions at Alamos Gold
In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 15,049 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$25.28, for a total transaction of C$380,426.68. In other news, Senior Officer John Michael Fitzgerald sold 15,049 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of C$25.28, for a total transaction of C$380,426.68. Also, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$26.68, for a total value of C$440,220.00. In the last three months, insiders sold 69,166 shares of company stock worth $1,819,560. 0.27% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Canaccord Genuity Group lifted their target price on Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. National Bank Financial lowered shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 8th. CIBC raised their price target on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an "outperform" rating in a report on Monday, July 15th. TD Securities upped their price target on shares of Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. Finally, BMO Capital Markets increased their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$25.80.
Check Out Our Latest Research Report on AGI
Alamos Gold Company Profile
(
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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.
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