Brokers Issue Forecasts for Alamos Gold Inc’s FY2017 Earnings (AGI)
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) – Investment analysts at National Bank Financial reduced their FY2017 earnings estimates for shares of Alamos Gold in a note issued to investors on Tuesday. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.13 per share for the year, down from their prior forecast of $0.15. National Bank Financial currently has a “Outperform Market Weight” rating on the stock.
Several other research firms have also commented on AGI. TD Securities boosted their price objective on shares of Alamos Gold from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research report on Friday, August 4th. Raymond James Financial, Inc. boosted their price objective on shares of Alamos Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Thursday, September 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$13.03.
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Alamos Gold (TSE AGI) opened at 8.95 on Friday. Alamos Gold has a 12-month low of $7.86 and a 12-month high of $11.86. The company’s 50-day moving average price is $9.03 and its 200-day moving average price is $9.33. The firm’s market capitalization is $2.69 billion.
In other Alamos Gold news, insider Colin Webster sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of C$10.02, for a total value of C$150,300.00. Also, insider James Porter bought 10,000 shares of Alamos Gold stock in a transaction on Wednesday, September 13th. The stock was purchased at an average price of C$8.91 per share, for a total transaction of C$89,100.00.
The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be issued a $0.01 dividend. The ex-dividend date is Friday, October 13th. This represents a yield of 0.12%.
Alamos Gold Company Profile
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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