Alamos Gold Inc (AGI) Expected to Post Earnings of $0.02 Per Share

Analysts expect Alamos Gold Inc (NYSE:AGI) (TSE:AGI) to report earnings per share of $0.02 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Alamos Gold’s earnings. The highest EPS estimate is $0.03 and the lowest is $0.01. Alamos Gold reported earnings of $0.04 per share in the same quarter last year, which would indicate a negative year over year growth rate of 50%. The business is expected to announce its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Alamos Gold will report full year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from $0.04 to $0.08. For the next financial year, analysts forecast that the firm will report earnings of $0.12 per share, with EPS estimates ranging from $0.09 to $0.18. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Alamos Gold.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Friday, September 21st. ValuEngine upgraded shares of Alamos Gold from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 2nd. CSFB restated an “outperform” rating and set a $7.50 price objective on shares of Alamos Gold in a report on Friday, September 7th. Raymond James restated a “buy” rating on shares of Alamos Gold in a report on Friday, November 2nd. Finally, Canaccord Genuity restated a “buy” rating on shares of Alamos Gold in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.65.

Several institutional investors and hedge funds have recently bought and sold shares of AGI. CIBC Asset Management Inc increased its holdings in Alamos Gold by 125.4% in the 2nd quarter. CIBC Asset Management Inc now owns 9,367,625 shares of the basic materials company’s stock worth $53,380,000 after buying an additional 5,211,004 shares during the period. Formula Growth Ltd. increased its holdings in Alamos Gold by 613.0% in the 2nd quarter. Formula Growth Ltd. now owns 4,991,300 shares of the basic materials company’s stock worth $28,400,000 after buying an additional 4,291,300 shares during the period. Bank of New York Mellon Corp increased its holdings in Alamos Gold by 59.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,698,902 shares of the basic materials company’s stock worth $49,322,000 after buying an additional 3,995,623 shares during the period. Morgan Stanley increased its holdings in Alamos Gold by 66.8% in the 3rd quarter. Morgan Stanley now owns 3,274,981 shares of the basic materials company’s stock worth $15,097,000 after buying an additional 1,311,752 shares during the period. Finally, Shell Asset Management Co. increased its holdings in Alamos Gold by 60.4% in the 3rd quarter. Shell Asset Management Co. now owns 3,102,367 shares of the basic materials company’s stock worth $14,301,000 after buying an additional 1,168,180 shares during the period. Hedge funds and other institutional investors own 58.61% of the company’s stock.

Shares of Alamos Gold stock opened at $3.60 on Monday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 1.75 and a beta of 0.38. Alamos Gold has a one year low of $3.10 and a one year high of $6.84.

About Alamos Gold

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 holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.

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