Alamos Gold (TSE:AGI) Releases Earnings Results

Alamos Gold (TSE:AGI) (NYSE:AGI) issued its quarterly earnings data on Wednesday. The company reported C$0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.18, reports. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The business had revenue of C$374.24 million during the quarter.

Alamos Gold Trading Up 2.0 %

Shares of AGI stock opened at C$20.91 on Friday. The stock’s fifty day moving average is C$18.64 and its two-hundred day moving average is C$17.92. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 2.36. The firm has a market capitalization of C$8.30 billion, a P/E ratio of 29.04, a PEG ratio of -2.10 and a beta of 0.97. Alamos Gold has a fifty-two week low of C$14.80 and a fifty-two week high of C$22.00.

Alamos Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.034 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.14 dividend on an annualized basis and a yield of 0.65%. Alamos Gold’s payout ratio is currently 19.44%.

Insider Buying and Selling at Alamos Gold

In other Alamos Gold 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. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AGI shares. National Bankshares reduced their price target on Alamos Gold from C$27.00 to C$26.50 and set an “outperform” rating for the company in a research report on Friday. Desjardins dropped their price objective on shares of Alamos Gold from C$19.50 to C$18.75 and set a “hold” rating on the stock in a research note on Friday, January 12th. TD Securities raised their price objective on shares of Alamos Gold from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$12.00 to C$16.00 in a research note on Thursday, January 11th. Finally, Haywood Securities raised their price objective on shares of Alamos Gold from C$20.00 to C$22.50 in a research note on Monday, April 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$22.55.

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.