Alamos Gold (AGI) Scheduled to Post Earnings on Wednesday

Alamos Gold (NYSE:AGI) (TSE:AGI) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Alamos Gold to post earnings of $0.14 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $254.60 million during the quarter, compared to analyst estimates of $257.47 million. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. Alamos Gold’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. On average, analysts expect Alamos Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alamos Gold Price Performance

NYSE:AGI opened at $14.89 on Wednesday. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 3.75 and a beta of 1.15. Alamos Gold has a one year low of $10.78 and a one year high of $16.01. The business has a fifty day moving average price of $13.27 and a 200-day moving average price of $13.06.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.67%. Alamos Gold’s dividend payout ratio (DPR) is 18.87%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AGI. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday. Jefferies Financial Group began coverage on Alamos Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $14.00 price target for the company. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and increased their price target for the stock from $21.75 to $27.25 in a research note on Tuesday, April 9th. Finally, Royal Bank of Canada upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $12.00 to $16.00 in a research note on Thursday, January 11th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.95.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AGI. Tower Research Capital LLC TRC grew its position in shares of Alamos Gold by 230.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,948 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 2,752 shares in the last quarter. US Bancorp DE grew its position in shares of Alamos Gold by 106.7% during the fourth quarter. US Bancorp DE now owns 4,968 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 2,565 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Alamos Gold during the third quarter valued at about $81,000. Brown Brothers Harriman & Co. grew its position in shares of Alamos Gold by 58.8% during the first quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 3,665 shares in the last quarter. Finally, IFP Advisors Inc purchased a new position in shares of Alamos Gold during the second quarter valued at about $84,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Company Profile

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.