News stories about Alamos Gold (NYSE:AGI) (TSE:AGI) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alamos Gold earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 47.2709408378814 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of analysts have recently issued reports on AGI shares. BidaskClub cut Alamos Gold from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a research report on Sunday, July 23rd. Royal Bank Of Canada restated a “hold” rating and set a $9.00 price objective on shares of Alamos Gold in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Alamos Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded Alamos Gold from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $10.67.
Shares of Alamos Gold (AGI) traded up 1.12% during mid-day trading on Friday, reaching $6.31. The company’s stock had a trading volume of 1,423,658 shares. The firm has a 50 day moving average price of $7.03 and a 200 day moving average price of $7.16. Alamos Gold has a 52-week low of $5.95 and a 52-week high of $9.00. The firm’s market cap is $1.90 billion.
Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. Alamos Gold had a positive return on equity of 0.44% and a negative net margin of 2.61%. The firm had revenue of $131.30 million for the quarter, compared to analyst estimates of $125.71 million. During the same quarter last year, the company earned ($0.01) EPS. The company’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Alamos Gold will post $0.10 EPS for the current fiscal year.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, October 13th. This represents a yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is presently -39.99%.
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About Alamos Gold
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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