Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – National Bank Financial raised their FY2017 earnings estimates for shares of Alamos Gold in a research note issued on Thursday. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings of $0.11 per share for the year, up from their previous forecast of $0.06. National Bank Financial currently has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Alamos Gold’s FY2018 earnings at $0.11 EPS.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.45%. The firm had revenue of $131.30 million for the quarter, compared to analyst estimates of $125.71 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year.

COPYRIGHT VIOLATION NOTICE: “Alamos Gold Inc. to Post FY2017 Earnings of $0.11 Per Share, National Bank Financial Forecasts (AGI)” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/07/alamos-gold-inc-to-post-fy2017-earnings-of-0-11-per-share-national-bank-financial-forecasts-agi.html.

Several other equities analysts have also commented on the company. Royal Bank Of Canada reissued a “hold” rating and set a $9.00 price target on shares of Alamos Gold in a research report on Tuesday, April 18th. Zacks Investment Research lowered Alamos Gold from a “buy” rating to a “sell” rating in a research report on Wednesday, May 10th. Raymond James Financial, Inc. reissued an “ourperform” rating and set a $12.00 price target on shares of Alamos Gold in a research report on Thursday, June 15th. ValuEngine lowered Alamos Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. Finally, BidaskClub raised Alamos Gold from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $10.88.

Shares of Alamos Gold (NYSE:AGI) opened at 7.62 on Monday. The company’s 50 day moving average is $6.97 and its 200-day moving average is $7.39. Alamos Gold has a 1-year low of $5.95 and a 1-year high of $9.43. The stock’s market capitalization is $2.28 billion.

Several institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in shares of Alamos Gold by 29.2% in the first quarter. Van ECK Associates Corp now owns 61,527,525 shares of the basic materials company’s stock worth $494,058,000 after buying an additional 13,918,200 shares during the last quarter. Hexavest Inc. raised its position in shares of Alamos Gold by 304.1% in the first quarter. Hexavest Inc. now owns 4,550,702 shares of the basic materials company’s stock worth $36,519,000 after buying an additional 3,424,639 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Alamos Gold by 451.9% in the second quarter. First Eagle Investment Management LLC now owns 2,964,338 shares of the basic materials company’s stock worth $21,037,000 after buying an additional 2,427,238 shares during the last quarter. Norges Bank acquired a new position in shares of Alamos Gold during the fourth quarter worth about $12,125,000. Finally, Bank of Montreal Can raised its position in shares of Alamos Gold by 251.6% in the second quarter. Bank of Montreal Can now owns 2,211,008 shares of the basic materials company’s stock worth $15,876,000 after buying an additional 1,582,135 shares during the last quarter. 66.93% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for Alamos Gold (NYSE:AGI)

Receive News & Ratings for Alamos Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.