Alamos Gold Inc Forecasted to Earn FY2017 Earnings of $0.08 Per Share (AGI)
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) – Investment analysts at National Bank Financial issued their FY2017 earnings estimates for Alamos Gold in a research note issued on Sunday. National Bank Financial analyst M. Parkin anticipates that the company will post earnings of $0.08 per share for the year. National Bank Financial has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Alamos Gold’s FY2018 earnings at $0.09 EPS, FY2019 earnings at $0.28 EPS and FY2020 earnings at $0.45 EPS.
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Separately, TD Securities upgraded Alamos Gold from a “hold” rating to a “buy” rating and set a C$12.50 target price for the company in a research note on Friday, May 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$12.78.
Alamos Gold (AGI) traded up 1.89% during trading on Wednesday, hitting $8.61. The stock had a trading volume of 63,098 shares. The stock’s 50-day moving average is $9.13 and its 200 day moving average is $9.89. The firm’s market cap is $2.58 billion. Alamos Gold has a one year low of $7.86 and a one year high of $12.70.
In related news, insider James Porter bought 4,410 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was bought at an average price of C$8.31 per share, with a total value of C$36,647.10.
About Alamos Gold
Alamos Gold Inc is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Company’s segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. Its Corporate and other segment consists of exploration and development projects.
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