Alamos Gold (AGI) Set to Announce Quarterly Earnings on Wednesday

Alamos Gold (TSE:AGI) (NYSE:AGI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.16. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. The firm had revenue of C$346.65 million for the quarter.

Alamos Gold Stock Down 0.4 %

AGI stock opened at C$20.58 on Wednesday. The company’s 50 day moving average price is C$17.99 and its 200 day moving average price is C$17.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 2.36. Alamos Gold has a fifty-two week low of C$14.80 and a fifty-two week high of C$22.00. The firm has a market capitalization of C$8.17 billion, a price-to-earnings ratio of 28.58, a PEG ratio of -2.10 and a beta of 0.97.

Alamos Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.034 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is 19.44%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AGI shares. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and upped their price target for the company from C$21.75 to C$27.75 in a report on Tuesday, April 9th. Jefferies Financial Group set a C$14.00 price target on Alamos Gold and gave the company a “buy” rating in a report on Thursday, February 29th. Royal Bank of Canada raised Alamos Gold from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$12.00 to C$16.00 in a report on Thursday, January 11th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Finally, TD Securities upped their price target on Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$21.52.

Insider Activity

In other news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total value of C$559,737.00. Company insiders own 0.29% of the company’s stock.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.