Desjardins Research Analysts Cut Earnings Estimates for Alamos Gold Inc (AGI)

Alamos Gold Inc (TSE:AGI) (NYSE:AGI) – Equities researchers at Desjardins decreased their Q4 2017 EPS estimates for Alamos Gold in a research report issued to clients and investors on Friday. Desjardins analyst J. Wolfson now anticipates that the company will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.08. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Alamos Gold’s Q2 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.05 EPS, FY2018 earnings at $0.21 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.08 EPS and FY2019 earnings at $0.34 EPS.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Thursday, November 2nd. The company reported C$0.06 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.03. Alamos Gold had a net margin of 22.36% and a return on equity of 5.68%.

A number of other research analysts also recently weighed in on AGI. Raymond James Financial decreased their target price on shares of Alamos Gold from C$12.50 to C$12.00 in a research report on Monday, October 23rd. BMO Capital Markets decreased their target price on shares of Alamos Gold from C$14.00 to C$11.50 in a research report on Friday, November 24th. CIBC decreased their price objective on shares of Alamos Gold from C$13.50 to C$12.00 in a research report on Thursday, December 14th. Finally, Scotiabank decreased their price objective on shares of Alamos Gold to C$11.50 and set a “sector perform” rating for the company in a research report on Monday, December 18th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Alamos Gold presently has a consensus rating of “Buy” and a consensus price target of C$12.50.

Alamos Gold (AGI) traded down C$0.11 during trading on Monday, reaching C$7.67. 1,012,766 shares of the company were exchanged, compared to its average volume of 1,038,699. The company has a market capitalization of $2,980.00 and a P/E ratio of 255.67. Alamos Gold has a 1-year low of C$7.32 and a 1-year high of C$11.83.

In related news, Director John Mccluskey bought 5,000 shares of Alamos Gold stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average price of C$7.92 per share, with a total value of C$39,600.00. In the last three months, insiders bought 15,000 shares of company stock valued at $120,370.

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About Alamos Gold

Alamos Gold Inc is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Company’s segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. Its Corporate and other segment consists of exploration and development projects.

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

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