Wall Street brokerages expect Alamos Gold Inc (NYSE:AGI) (TSE:AGI) to post earnings of $0.02 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Alamos Gold’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.03. Alamos Gold reported earnings of $0.04 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The firm is scheduled to report its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Alamos Gold will report full year earnings of $0.06 per share for the current year, with EPS estimates ranging from ($0.05) to $0.19. For the next financial year, analysts anticipate that the business will report earnings of $0.15 per share, with EPS estimates ranging from $0.09 to $0.23. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Alamos Gold.

A number of research analysts have recently issued reports on the company. Raymond James reissued a “buy” rating on shares of Alamos Gold in a research note on Friday, November 2nd. ValuEngine raised Alamos Gold from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Finally, CSFB reissued an “outperform” rating and issued a $7.50 price objective on shares of Alamos Gold in a research note on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.29.

Several large investors have recently made changes to their positions in AGI. Clean Yield Group acquired a new position in Alamos Gold during the 2nd quarter worth approximately $102,000. Dynamic Technology Lab Private Ltd acquired a new position in Alamos Gold during the 1st quarter worth approximately $123,000. Canada Pension Plan Investment Board acquired a new position in Alamos Gold during the 3rd quarter worth approximately $200,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Alamos Gold during the 2nd quarter worth approximately $228,000. Finally, Tower Research Capital LLC TRC raised its stake in Alamos Gold by 221.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 52,534 shares of the basic materials company’s stock worth $299,000 after buying an additional 36,216 shares during the period. 59.32% of the stock is currently owned by institutional investors.

Shares of NYSE:AGI traded down $0.20 during midday trading on Friday, reaching $3.59. The company’s stock had a trading volume of 1,954,409 shares, compared to its average volume of 2,030,399. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 1.73 and a beta of 0.34. Alamos Gold has a fifty-two week low of $3.58 and a fifty-two week high of $7.03.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, October 30th. Stockholders of record on Monday, October 15th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, October 12th. Alamos Gold’s dividend payout ratio is 16.67%.

About Alamos Gold

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.

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Earnings History and Estimates for Alamos Gold (NYSE:AGI)

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