Alamos Gold (NYSE:AGI) (TSE:AGI) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates 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 company’s revenue for the quarter was down 24.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 earnings per share.
AGI opened at $10.60 on Friday. The company’s 50 day moving average is $9.49 and its 200-day moving average is $7.34. Alamos Gold has a 1-year low of $3.34 and a 1-year high of $11.58. The company has a current ratio of 3.44, a quick ratio of 2.38 and a debt-to-equity ratio of 0.04. The company has a market cap of $4.15 billion, a P/E ratio of 75.71, a PEG ratio of 1.06 and a beta of 0.90.
A number of analysts have commented on the stock. Canaccord Genuity reiterated a “buy” rating on shares of Alamos Gold in a research note on Thursday, April 30th. Credit Suisse Group reiterated a “hold” rating and issued a $8.25 price target on shares of Alamos Gold in a research note on Wednesday, July 15th. Zacks Investment Research lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Thursday, July 16th. TD Securities increased their price objective on shares of Alamos Gold from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Finally, BMO Capital Markets increased their price objective on shares of Alamos Gold from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Alamos Gold presently has an average rating of “Hold” and a consensus price target of $12.12.
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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