Analysts forecast that Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) will report $0.01 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have issued estimates for Alamos Gold’s earnings. Alamos Gold posted earnings of ($0.01) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 9th.
On average, analysts expect that Alamos Gold will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.10 to $0.15. For the next fiscal year, analysts forecast that the firm will post earnings of $0.22 per share, with EPS estimates ranging from $0.20 to $0.24. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Alamos Gold.
Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Thursday, May 4th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.01. The firm had revenue of $121 million for the quarter, compared to analyst estimates of $116.46 million. Alamos Gold had a negative return on equity of 0.32% and a negative net margin of 5.51%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 earnings per share.
A number of analysts have commented on the company. Royal Bank of Canada reissued a “hold” rating and set a $9.00 price objective on shares of Alamos Gold in a report on Tuesday, April 18th. Zacks Investment Research raised Alamos Gold from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a report on Wednesday, April 5th. ValuEngine lowered Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Finally, Raymond James Financial, Inc. reissued an “ourperform” rating and set a $12.00 price objective on shares of Alamos Gold in a report on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $11.18.
Alamos Gold (NYSE AGI) traded up 0.43% on Friday, hitting $7.08. The stock had a trading volume of 11,164,050 shares. The company has a 50-day moving average price of $6.72 and a 200-day moving average price of $7.35. Alamos Gold has a 52 week low of $5.95 and a 52 week high of $10.41. The stock’s market capitalization is $2.12 billion.
A number of institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in Alamos Gold by 29.2% in the first quarter. Van ECK Associates Corp now owns 61,527,525 shares of the basic materials company’s stock valued at $494,058,000 after buying an additional 13,918,200 shares during the last quarter. Franklin Resources Inc. increased its position in Alamos Gold by 89.3% in the fourth quarter. Franklin Resources Inc. now owns 14,464,471 shares of the basic materials company’s stock valued at $99,419,000 after buying an additional 6,822,466 shares during the last quarter. Vanguard Group Inc. increased its position in Alamos Gold by 19.1% in the first quarter. Vanguard Group Inc. now owns 5,749,119 shares of the basic materials company’s stock valued at $46,166,000 after buying an additional 922,329 shares during the last quarter. Hexavest Inc. increased its position in Alamos Gold by 304.1% in the first quarter. Hexavest Inc. now owns 4,550,702 shares of the basic materials company’s stock valued at $36,519,000 after buying an additional 3,424,639 shares during the last quarter. Finally, FMR LLC increased its position in Alamos Gold by 30.4% in the first quarter. FMR LLC now owns 4,271,387 shares of the basic materials company’s stock valued at $34,303,000 after buying an additional 996,900 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.
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About Alamos Gold
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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