Wall Street analysts expect Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) to post earnings of $0.04 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Alamos Gold’s earnings. Alamos Gold posted earnings per share of $0.02 during the same quarter last year, which indicates a positive year over year growth rate of 100%. The firm is scheduled to issue its next earnings results on Thursday, November 9th.

On average, analysts expect that Alamos Gold will report full-year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.02 to $0.14. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.20 per share, with EPS estimates ranging from $0.11 to $0.29. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Alamos Gold.

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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. Alamos Gold had a positive return on equity of 0.44% and a negative net margin of 2.61%. The business had revenue of $131.30 million during the quarter, compared to the consensus estimate of $125.71 million. During the same period last year, the business posted ($0.01) earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis.

A number of brokerages have weighed in on AGI. BidaskClub upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Royal Bank Of Canada reiterated a “hold” rating and set a $9.00 target price on shares of Alamos Gold in a research note on Wednesday, May 24th. Zacks Investment Research upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, National Bank Financial reiterated an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Alamos Gold currently has a consensus rating of “Hold” and an average target price of $10.31.

Alamos Gold (NYSE:AGI) traded down 0.94% during mid-day trading on Friday, reaching $8.45. The company’s stock had a trading volume of 1,031,792 shares. The company has a 50-day moving average price of $7.70 and a 200-day moving average price of $7.34. The firm’s market cap is $2.54 billion. Alamos Gold has a 12-month low of $5.95 and a 12-month high of $9.00.

A number of hedge funds have recently modified their holdings of AGI. Russell Investments Group Ltd. increased its stake in Alamos Gold by 12.3% in the 1st quarter. Russell Investments Group Ltd. now owns 274,540 shares of the basic materials company’s stock worth $2,199,000 after buying an additional 30,112 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Alamos Gold by 10.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 911,515 shares of the basic materials company’s stock worth $7,318,000 after buying an additional 89,718 shares in the last quarter. American Century Companies Inc. increased its stake in Alamos Gold by 131.0% in the 1st quarter. American Century Companies Inc. now owns 1,133,282 shares of the basic materials company’s stock worth $9,101,000 after buying an additional 642,682 shares in the last quarter. Bbva Compass Bancshares Inc. increased its stake in Alamos Gold by 27.2% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 19,128 shares of the basic materials company’s stock worth $154,000 after buying an additional 4,090 shares in the last quarter. Finally, Comerica Bank increased its stake in Alamos Gold by 1.6% in the 1st quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock worth $108,000 after buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 63.27% of the company’s stock.

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Alamos Gold Company Profile

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.

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

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