National Bank Financial Equities Analysts Decrease Earnings Estimates for Alamos Gold Inc. (AGI)
Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Research analysts at National Bank Financial cut their FY2017 earnings per share (EPS) estimates for shares of Alamos Gold in a research report issued to clients and investors on Tuesday. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings per share of $0.10 for the year, down from their prior estimate of $0.12. National Bank Financial has a “Outperform Market Weight” rating on the stock.
Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $131.30 million for the quarter, compared to the consensus estimate of $125.71 million. Alamos Gold had a positive return on equity of 0.44% and a negative net margin of 2.61%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) EPS.
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A number of other research firms have also recently issued reports on AGI. BidaskClub raised Alamos Gold from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. ValuEngine raised Alamos Gold from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada set a $9.00 price objective on Alamos Gold and gave the company a “hold” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $10.67.
Shares of Alamos Gold (AGI) traded down 1.12% on Friday, reaching $7.09. The company’s stock had a trading volume of 440,494 shares. Alamos Gold has a 1-year low of $5.95 and a 1-year high of $9.00. The firm’s market cap is $2.13 billion. The company’s 50 day moving average is $7.30 and its 200-day moving average is $7.22.
The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, October 13th. This represents a dividend yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is currently -39.99%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Nova Scotia increased its stake in shares of Alamos Gold by 105.1% during the second quarter. Bank of Nova Scotia now owns 83,073 shares of the basic materials company’s stock worth $589,000 after purchasing an additional 42,573 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Alamos Gold by 3.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 717 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Alamos Gold by 349.7% during the second quarter. Tower Research Capital LLC TRC now owns 94,122 shares of the basic materials company’s stock worth $866,000 after purchasing an additional 73,193 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Alamos Gold during the second quarter worth approximately $639,000. Finally, BlueCrest Capital Management Ltd increased its stake in shares of Alamos Gold by 16.5% during the second quarter. BlueCrest Capital Management Ltd now owns 117,433 shares of the basic materials company’s stock worth $843,000 after purchasing an additional 16,654 shares during the period. Institutional investors own 63.26% of the company’s stock.
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.
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