Alamos Gold (NYSE:AGI) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Alamos Gold (NYSE:AGI) (TSE:AGI) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05, Briefing.com reports. Alamos Gold had a net margin of 17.73% and a return on equity of 8.63%. The company had revenue of $332.60 million for the quarter, compared to the consensus estimate of $282.78 million. During the same quarter last year, the firm posted $0.15 earnings per share. Alamos Gold’s revenue was up 27.4% on a year-over-year basis.

Alamos Gold Price Performance

AGI traded up $0.05 during trading on Friday, hitting $17.42. The company had a trading volume of 4,548,037 shares, compared to its average volume of 1,664,971. Alamos Gold has a 1-year low of $10.78 and a 1-year high of $18.20. The company has a market cap of $7.31 billion, a PE ratio of 33.50, a P/E/G ratio of 0.78 and a beta of 1.16. The business has a 50-day moving average of $16.48 and a 200-day moving average of $14.74.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Thursday, June 13th. Alamos Gold’s dividend payout ratio (DPR) is currently 19.23%.

Wall Street Analysts Forecast Growth

AGI has been the subject of several research analyst reports. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.75 to $27.25 in a research note on Tuesday, April 9th. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Royal Bank of Canada raised their target price on shares of Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Scotiabank upped their price target on shares of Alamos Gold from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Finally, StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold currently has an average rating of “Moderate Buy” and a consensus price target of $19.75.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.