Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) announced its earnings results on Thursday. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02, MarketWatch Earnings reports. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.45%. The business had revenue of $131.30 million during the quarter, compared to the consensus estimate of $125.71 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year.
Alamos Gold (NYSE AGI) opened at 7.62 on Friday. The stock’s market capitalization is $2.28 billion. The firm has a 50-day moving average of $6.97 and a 200-day moving average of $7.39. Alamos Gold has a one year low of $5.95 and a one year high of $9.43.
Several research analysts recently issued reports on AGI shares. Royal Bank Of Canada reissued a “hold” rating and set a $9.00 price target on shares of Alamos Gold in a report on Wednesday. Raymond James Financial, Inc. reissued an “ourperform” rating and set a $12.00 price target on shares of Alamos Gold in a report on Thursday, June 15th. ValuEngine cut shares of Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. National Bank Financial reissued an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. Finally, Zacks Investment Research cut shares of Alamos Gold from a “buy” rating to a “sell” rating in a report on Wednesday, May 10th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $10.88.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC raised its position in Alamos Gold by 451.9% in the second quarter. First Eagle Investment Management LLC now owns 2,964,338 shares of the basic materials company’s stock worth $21,037,000 after buying an additional 2,427,238 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Alamos Gold by 21.2% in the second quarter. BNP Paribas Arbitrage SA now owns 63,113 shares of the basic materials company’s stock worth $308,000 after buying an additional 11,056 shares during the last quarter. Legal & General Group Plc raised its position in Alamos Gold by 43.3% in the second quarter. Legal & General Group Plc now owns 41,265 shares of the basic materials company’s stock worth $292,000 after buying an additional 12,467 shares during the last quarter. Bank of New York Mellon Corp raised its position in Alamos Gold by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 5,349,821 shares of the basic materials company’s stock worth $38,411,000 after buying an additional 727,055 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in Alamos Gold by 74.5% in the second quarter. Alps Advisors Inc. now owns 2,742,097 shares of the basic materials company’s stock worth $19,688,000 after buying an additional 1,170,633 shares during the last quarter. 67.11% of the stock is owned by hedge funds and other institutional investors.
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Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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