Alamos Gold (NYSE:AGI) Announces Earnings Results, Misses Estimates By $0.05 EPS

Alamos Gold (NYSE:AGI) (TSE:AGI) announced its earnings results on Wednesday. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05), Zacks reports. The business had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 earnings per share.

Alamos Gold Trading Down 9.7 %

NYSE AGI opened at $25.76 on Friday. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. Alamos Gold has a twelve month low of $14.72 and a twelve month high of $31.00. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average is $26.21 and its 200 day moving average is $22.08.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.13%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Monday, April 14th. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Bank of America decreased their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada upped their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Finally, StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Alamos Gold presently has a consensus rating of “Buy” and an average target price of $30.38.

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.