Alamos Gold Inc. (AGI) Issues Quarterly Earnings Results
Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) issued its quarterly earnings results on Thursday. The basic materials company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06, Briefing.com reports. The company had revenue of $128.80 million for the quarter, compared to the consensus estimate of $137.61 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 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS.
The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a dividend of $0.01 per share. This represents a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, October 13th. Alamos Gold’s dividend payout ratio is presently -39.99%.
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AGI has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $9.00 price target on shares of Alamos Gold in a research report on Wednesday, August 2nd. BidaskClub raised Alamos Gold from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Alamos Gold in a research report on Sunday, July 23rd. ValuEngine raised Alamos Gold from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $10.67.
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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