Brokerages Anticipate Alamos Gold Inc (AGI) Will Announce Earnings of $0.03 Per Share

Equities analysts forecast that Alamos Gold Inc (NYSE:AGI) (TSE:AGI) will post earnings of $0.03 per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Alamos Gold’s earnings. The highest EPS estimate is $0.03 and the lowest is $0.02. Alamos Gold also reported earnings of $0.03 per share during the same quarter last year. The firm is expected to issue its next earnings report after the market closes on Wednesday, May 1st.

On average, analysts expect that Alamos Gold will report full-year earnings of $0.11 per share for the current financial year, with EPS estimates ranging from $0.10 to $0.14. For the next fiscal year, analysts forecast that the business will report earnings of $0.10 per share, with EPS estimates ranging from $0.02 to $0.19. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Alamos Gold.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, February 20th. The basic materials company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $163.10 million during the quarter, compared to analysts’ expectations of $163.25 million. Alamos Gold had a positive return on equity of 0.74% and a negative net margin of 11.14%. The company’s revenue was up .9% compared to the same quarter last year.

A number of research firms have recently issued reports on AGI. National Bank Financial lowered Alamos Gold from an “outperform” rating to a “sector perform” rating in a research report on Thursday, March 21st. TheStreet lowered Alamos Gold from a “c-” rating to a “d+” rating in a research report on Monday, March 4th. Raymond James lowered Alamos Gold from an “outperform” rating to a “market perform” rating and set a $4.84 price target for the company. in a research report on Thursday, February 21st. ValuEngine upgraded Alamos Gold from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Royal Bank of Canada dropped their price target on Alamos Gold from $7.00 to $5.50 and set a “sector perform” rating for the company in a research report on Thursday, January 24th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $6.52.

A number of institutional investors have recently modified their holdings of the stock. Deutsche Bank AG grew its position in Alamos Gold by 211.8% in the fourth quarter. Deutsche Bank AG now owns 2,350,542 shares of the basic materials company’s stock worth $8,461,000 after acquiring an additional 1,596,613 shares during the period. American Century Companies Inc. lifted its position in Alamos Gold by 7.8% in the fourth quarter. American Century Companies Inc. now owns 588,600 shares of the basic materials company’s stock valued at $2,119,000 after purchasing an additional 42,600 shares during the last quarter. Norges Bank bought a new stake in Alamos Gold in the fourth quarter valued at approximately $6,526,000. FMR LLC lifted its position in Alamos Gold by 1.5% in the fourth quarter. FMR LLC now owns 5,119,913 shares of the basic materials company’s stock valued at $18,415,000 after purchasing an additional 74,799 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Alamos Gold by 202.3% in the fourth quarter. Legal & General Group Plc now owns 239,554 shares of the basic materials company’s stock valued at $861,000 after purchasing an additional 160,311 shares during the last quarter. Institutional investors own 59.83% of the company’s stock.

AGI stock opened at $4.94 on Thursday. The company has a market capitalization of $1.91 billion, a PE ratio of 98.80 and a beta of 0.25. Alamos Gold has a 1 year low of $2.90 and a 1 year high of $6.13.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.81%. Alamos Gold’s dividend payout ratio (DPR) is presently 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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Earnings History and Estimates for Alamos Gold (NYSE:AGI)

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