Alamos Gold (AGI) Releases Quarterly Earnings Results, Hits Estimates
Alamos Gold (NYSE:AGI) released its earnings data on Thursday. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01, AR Network reports. The company had revenue of $43.84 million for the quarter, compared to the consensus estimate of $49.38 million. During the same quarter last year, the company posted ($0.07) earnings per share. Alamos Gold’s revenue was down 44.0% compared to the same quarter last year.
On a related note, analysts at Credit Suisse reiterated a “neutral” rating on shares of Alamos Gold in a research note on Thursday, May 29th. They now have a $10.50 price target on the stock, down previously from $11.00. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.12.
Alamos Gold (NYSE:AGI) traded down 4.36% during mid-day trading on Thursday, hitting $8.99. 267,094 shares of the company’s stock traded hands. Alamos Gold has a one year low of $8.00 and a one year high of $17.38. The stock’s 50-day moving average is $9.71 and its 200-day moving average is $9.52. The company has a market cap of $1.145 billion and a P/E ratio of 77.69.
Alamos Gold Inc is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey.
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