Alamos Gold (AGI) to Release Earnings on Wednesday

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI is set to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Alamos Gold to post earnings of C$0.16 per share for the quarter.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.16. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The firm had revenue of C$346.65 million during the quarter.

Alamos Gold Stock Down 0.1 %

TSE:AGI traded down C$0.02 during mid-day trading on Wednesday, hitting C$20.56. The company had a trading volume of 659,361 shares, compared to its average volume of 627,723. Alamos Gold has a 1 year low of C$14.80 and a 1 year high of C$22.00. The business has a fifty day simple moving average of C$17.99 and a 200-day simple moving average of C$17.70. The company has a current ratio of 2.36, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of C$8.16 billion, a price-to-earnings ratio of 28.50, a PEG ratio of -2.10 and a beta of 0.97.

Alamos Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.034 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.14 annualized dividend and a dividend yield of 0.66%. Alamos Gold's payout ratio is currently 19.44%.

Insider Buying and Selling at Alamos Gold

In related news, Senior Officer Mario Luis Chavez - Martinez sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total value of C$559,737.00. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AGI shares. Jefferies Financial Group set a C$14.00 target price on shares of Alamos Gold and gave the stock a "buy" rating in a research report on Thursday, February 29th. BMO Capital Markets upped their price target on shares of Alamos Gold from C$23.00 to C$26.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Bank of America upgraded shares of Alamos Gold from a "neutral" rating to a "buy" rating and increased their price objective for the company from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. TD Securities boosted their target price on shares of Alamos Gold from C$23.00 to C$24.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada raised Alamos Gold from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$12.00 to C$16.00 in a research report on Thursday, January 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$21.52.

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.