Alamos Gold (NYSE:AGI) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Alamos Gold (NYSE:AGI) (TSE:AGI) announced its earnings results on Wednesday. The basic materials company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05, Briefing.com reports. The business had revenue of $332.60 million for the quarter, compared to analysts’ expectations of $282.78 million. Alamos Gold had a net margin of 17.73% and a return on equity of 8.63%. The company’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS.

Alamos Gold Trading Up 1.7 %

Shares of NYSE AGI opened at $17.66 on Friday. The stock has a fifty day moving average price of $16.46 and a 200 day moving average price of $14.71. Alamos Gold has a 12-month low of $10.78 and a 12-month high of $18.20. The company has a market cap of $7.41 billion, a P/E ratio of 33.40, a P/E/G ratio of 0.77 and a beta of 1.16.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, June 13th. Alamos Gold’s payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Scotiabank raised their price objective on Alamos Gold from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.75 to $27.25 in a report on Tuesday, April 9th. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Finally, Jefferies Financial Group raised their price target on Alamos Gold from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.75.

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.