Brokerages Anticipate Alamos Gold Inc (US) (AGI) to Announce $0.04 Earnings Per Share

Equities analysts expect Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) to report earnings per share of $0.04 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Alamos Gold Inc (US)’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.02. The business is scheduled to report its next quarterly earnings report after the market closes on Tuesday, May 1st.

On average, analysts expect that Alamos Gold Inc (US) will report full-year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.13 to $0.30. For the next year, analysts anticipate that the business will report earnings of $0.34 per share, with EPS estimates ranging from $0.27 to $0.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Alamos Gold Inc (US).

Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The business had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $159.65 million. Alamos Gold Inc (US) had a return on equity of 1.70% and a net margin of 4.90%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) earnings per share.

A number of brokerages have issued reports on AGI. TheStreet lowered shares of Alamos Gold Inc (US) from a “c-” rating to a “d+” rating in a research note on Monday, April 2nd. Credit Suisse Group cut their price target on shares of Alamos Gold Inc (US) from $8.00 to $6.50 and set an “outperform” rating on the stock in a research note on Wednesday, March 21st. Royal Bank of Canada cut their price target on shares of Alamos Gold Inc (US) from $9.00 to $8.50 and set a “sector perform” rating on the stock in a research note on Tuesday, January 16th. ValuEngine lowered shares of Alamos Gold Inc (US) from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered shares of Alamos Gold Inc (US) from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $9.04.

Several hedge funds have recently added to or reduced their stakes in AGI. Schroder Investment Management Group increased its stake in shares of Alamos Gold Inc (US) by 16.4% during the third quarter. Schroder Investment Management Group now owns 141,361 shares of the basic materials company’s stock worth $1,027,000 after buying an additional 19,910 shares during the period. Wells Fargo & Company MN increased its stake in shares of Alamos Gold Inc (US) by 137.9% during the third quarter. Wells Fargo & Company MN now owns 316,598 shares of the basic materials company’s stock worth $2,140,000 after buying an additional 183,496 shares during the period. Moors & Cabot Inc. purchased a new stake in shares of Alamos Gold Inc (US) during the third quarter worth approximately $222,000. Fruth Investment Management purchased a new stake in shares of Alamos Gold Inc (US) during the fourth quarter worth approximately $383,000. Finally, Montrusco Bolton Investments Inc. purchased a new stake in shares of Alamos Gold Inc (US) during the fourth quarter worth approximately $18,900,000. Hedge funds and other institutional investors own 62.41% of the company’s stock.

NYSE:AGI traded up $0.17 on Tuesday, reaching $5.52. 953,037 shares of the company’s stock were exchanged, compared to its average volume of 2,286,965. The firm has a market capitalization of $2,137.70, a PE ratio of 46.25, a price-to-earnings-growth ratio of 0.86 and a beta of 0.47. Alamos Gold Inc has a 52-week low of $4.83 and a 52-week high of $8.58.

The company also recently announced a semiannual dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, April 13th. This represents a dividend yield of 0.38%. Alamos Gold Inc (US)’s payout ratio is 16.67%.

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About Alamos Gold Inc (US)

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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