Alamos Gold Inc (US) to Post FY2018 Earnings of $0.12 Per Share, National Bank Financial Forecasts (AGI)

Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) – National Bank Financial reduced their FY2018 earnings estimates for Alamos Gold Inc (US) in a research report issued to clients and investors on Monday, April 9th. National Bank Financial analyst M. Parkin now expects that the basic materials company will earn $0.12 per share for the year, down from their previous forecast of $0.20. National Bank Financial also issued estimates for Alamos Gold Inc (US)’s FY2019 earnings at $0.22 EPS.

Several other equities research analysts have also commented on the company. Royal Bank of Canada set a $9.00 price target on Alamos Gold Inc (US) and gave the stock a “hold” rating in a research note on Monday, January 15th. Credit Suisse Group raised Alamos Gold Inc (US) from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $6.16 to $8.00 in a research note on Friday, January 26th. Zacks Investment Research lowered Alamos Gold Inc (US) from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Scotiabank decreased their price target on Alamos Gold Inc (US) from $11.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, December 18th. Finally, ValuEngine raised Alamos Gold Inc (US) from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $9.04.



Shares of AGI opened at $5.57 on Thursday. Alamos Gold Inc has a twelve month low of $4.83 and a twelve month high of $8.58. The company has a market capitalization of $2,133.80, a price-to-earnings ratio of 46.42, a price-to-earnings-growth ratio of 0.86 and a beta of 0.47.

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

Several large investors have recently made changes to their positions in AGI. Engineers Gate Manager LP acquired a new position in shares of Alamos Gold Inc (US) during the 4th quarter worth approximately $162,000. Aperio Group LLC acquired a new position in shares of Alamos Gold Inc (US) during the 4th quarter worth approximately $196,000. FNY Partners Fund LP acquired a new position in shares of Alamos Gold Inc (US) during the 4th quarter worth approximately $200,000. Moors & Cabot Inc. acquired a new position in shares of Alamos Gold Inc (US) during the 3rd quarter worth approximately $222,000. Finally, Fruth Investment Management acquired a new position in shares of Alamos Gold Inc (US) during the 4th quarter worth approximately $383,000. 62.41% of the stock is currently owned by institutional investors and hedge funds.

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

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

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