Alamos Gold (AGI) Set to Announce Earnings on Wednesday

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The company had revenue of $254.60 million during the quarter, compared to the consensus estimate of $257.47 million. During the same quarter in the prior year, the company posted $0.09 EPS. The firm's revenue was up 9.8% on a year-over-year basis. 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 Up 0.4 %

Shares of NYSE:AGI traded up $0.06 during trading on Wednesday, reaching $14.94. The stock had a trading volume of 2,083,965 shares, compared to its average volume of 2,586,722. Alamos Gold has a 52 week low of $10.78 and a 52 week high of $16.01. The stock has a fifty day simple moving average of $13.33 and a two-hundred day simple moving average of $13.07. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 3.69 and a beta of 1.15.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold's dividend payout ratio is currently 18.87%.

Wall Street Analyst Weigh In

AGI has been the topic of several research analyst reports. Jefferies Financial Group started coverage on shares of Alamos Gold in a research note on Thursday, February 29th. They issued a "buy" rating and a $14.00 price objective on the stock. StockNews.com upgraded Alamos Gold from a "hold" rating to a "buy" rating in a research report on Sunday. Royal Bank of Canada upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $12.00 to $16.00 in a research report on Thursday, January 11th. Bank of America upgraded shares of Alamos Gold from a "neutral" rating to a "buy" rating and increased their target price for the stock from $21.75 to $27.25 in a report on Tuesday, April 9th. Finally, National Bank Financial reiterated an "outperform overweight" rating on shares of Alamos Gold in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.95.

Institutional Investors Weigh In On Alamos Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGI. Citigroup Inc. boosted its holdings in shares of Alamos Gold by 1,006.3% in the 1st quarter. Citigroup Inc. now owns 17,700 shares of the basic materials company's stock valued at $149,000 after buying an additional 16,100 shares during the last quarter. Wexford Capital LP acquired a new stake in Alamos Gold in the fourth quarter valued at $148,000. CI Private Wealth LLC bought a new position in shares of Alamos Gold in the 4th quarter valued at about $139,000. ExodusPoint Capital Management LP bought a new position in shares of Alamos Gold in the 2nd quarter valued at about $136,000. Finally, Cerity Partners LLC acquired a new position in shares of Alamos Gold during the 2nd quarter worth about $135,000. 64.33% of the stock is owned by institutional investors.

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.