Alamos Gold (NYSE:AGI) Posts Quarterly Earnings Results, Hits Expectations

Alamos Gold (NYSE:AGI) (TSE:AGI) released its quarterly earnings data on Wednesday. The basic materials company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13, Yahoo Finance reports. The firm had revenue of $277.60 million during the quarter, compared to the consensus estimate of $271.15 million. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share.

Alamos Gold Stock Up 0.4 %

AGI opened at $15.19 on Thursday. The firm’s 50-day moving average price is $13.66 and its 200-day moving average price is $13.21. The company has a market cap of $6.04 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 3.77 and a beta of 1.15. Alamos Gold has a 52-week low of $10.78 and a 52-week high of $16.01.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.66%. Alamos Gold’s dividend payout ratio (DPR) is currently 18.87%.

Analysts Set New Price Targets

Several research firms recently weighed in on AGI. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $21.75 to $27.25 in a report on Tuesday, April 9th. Jefferies Financial Group boosted their target price on shares of Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Sunday, April 14th. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Finally, Royal Bank of Canada boosted their target price on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.15.

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.