Alamos Gold (NYSE:AGI) Posts Earnings Results, Meets Expectations
Alamos Gold (NYSE:AGI) (TSE:AGI) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03, MarketWatch Earnings reports. The firm had revenue of $126.20 million during the quarter, compared to analysts’ expectations of $111.60 million. Alamos Gold had a net margin of 8.32% and a return on equity of 3.55%. The firm’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share.
NYSE:AGI traded up $0.17 during trading hours on Friday, hitting $10.61. The stock had a trading volume of 227,891 shares, compared to its average volume of 3,115,574. Alamos Gold has a one year low of $3.34 and a one year high of $11.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.38 and a current ratio of 3.44. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 74.57, a P/E/G ratio of 1.13 and a beta of 0.90. The business’s 50 day moving average is $9.45 and its 200-day moving average is $7.32.
Several research analysts have weighed in on AGI shares. BMO Capital Markets upped their target price on shares of Alamos Gold from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Credit Suisse Group reiterated a “hold” rating and issued a $8.25 target price on shares of Alamos Gold in a research note on Wednesday, July 15th. Canaccord Genuity restated a “buy” rating on shares of Alamos Gold in a research note on Thursday, April 30th. Zacks Investment Research downgraded Alamos Gold from a “buy” rating to a “hold” rating in a research report on Thursday, July 16th. Finally, TD Securities upped their target price on Alamos Gold from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $12.01.
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's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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