Alamos Gold (TSE:AGI) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Alamos Gold (TSE:AGI) (NYSE:AGI) released its quarterly earnings data on Wednesday. The company reported C$0.26 EPS for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04), reports. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The company had revenue of C$492.35 million for the quarter.

Alamos Gold Trading Down 1.3 %

Alamos Gold stock traded down C$0.35 during trading hours on Friday, hitting C$27.03. The stock had a trading volume of 178,824 shares, compared to its average volume of 699,920. The business’s 50 day simple moving average is C$27.16 and its 200-day simple moving average is C$24.16. Alamos Gold has a one year low of C$15.27 and a one year high of C$29.66. The stock has a market cap of C$11.35 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04.

Alamos Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were given a dividend of $0.035 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.14 dividend on an annualized basis and a yield of 0.52%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s payout ratio is currently 20.59%.

Insider Transactions at Alamos Gold

In related news, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of Alamos Gold stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$26.68, for a total transaction of C$440,220.00. In other news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total value of C$45,569.40. Following the sale, the insider now directly owns 374 shares of the company’s stock, valued at approximately C$10,718.84. This represents a 0.00 % decrease in their position. Also, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$26.68, for a total transaction of C$440,220.00. Over the last three months, insiders have sold 69,166 shares of company stock worth $1,819,560. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AGI shares. Scotiabank upgraded Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. Canaccord Genuity Group increased their price objective on Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. National Bankshares upped their price target on shares of Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a research note on Monday, September 16th. BMO Capital Markets boosted their price objective on shares of Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, TD Securities raised their target price on shares of Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$25.80.

About Alamos Gold

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.