Alamos Gold (AGI) to Release Earnings on Wednesday

Alamos Gold (NYSE:AGI) (TSE:AGI) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Alamos Gold to post earnings of $0.14 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data 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. The business had revenue of $254.60 million during the quarter, compared to the consensus estimate of $257.47 million. Alamos Gold had a net margin of 20.52% and a return on equity of 7.30%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. 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 Price Performance

Shares of NYSE AGI opened at $15.30 on Monday. The company has a market cap of $6.09 billion, a P/E ratio of 28.87, a PEG ratio of 3.85 and a beta of 1.15. Alamos Gold has a 1 year low of $10.78 and a 1 year high of $16.01. The firm has a 50-day simple moving average of $13.45 and a two-hundred day simple moving average of $13.15.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 18.87%.

Hedge Funds Weigh In On Alamos Gold

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP grew its holdings in Alamos Gold by 8.9% in the first quarter. First Trust Advisors LP now owns 12,280 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 1,005 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in Alamos Gold by 5.1% in the first quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock worth $239,000 after purchasing an additional 1,432 shares during the last quarter. Geode Capital Management LLC grew its holdings in Alamos Gold by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 194,108 shares of the basic materials company’s stock worth $1,962,000 after purchasing an additional 1,480 shares during the last quarter. Moors & Cabot Inc. grew its holdings in Alamos Gold by 1.4% in the first quarter. Moors & Cabot Inc. now owns 106,589 shares of the basic materials company’s stock worth $897,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Profund Advisors LLC lifted its stake in shares of Alamos Gold by 5.9% during the fourth quarter. Profund Advisors LLC now owns 31,491 shares of the basic materials company’s stock worth $424,000 after buying an additional 1,754 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $12.00 to $16.00 in a research report on Thursday, January 11th. Jefferies Financial Group began coverage on shares of Alamos Gold in a report on Thursday, February 29th. They set a “buy” rating and a $14.00 price objective on the stock. Bank of America raised shares of 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. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.95.

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.