Alamos Gold (NYSE:AGI) Posts Earnings Results, Beats Estimates By $0.01 EPS

Alamos Gold (NYSE:AGI) (TSE:AGI) released its earnings results on Wednesday. The basic materials company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01, Zacks reports. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%.

Alamos Gold Stock Down 0.1 %

Shares of Alamos Gold stock traded down $0.02 on Wednesday, reaching $22.69. The company’s stock had a trading volume of 2,236,250 shares, compared to its average volume of 2,218,134. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 0.38 and a beta of 1.16. The firm’s fifty day simple moving average is $19.96 and its two-hundred day simple moving average is $19.56. Alamos Gold has a 52 week low of $11.34 and a 52 week high of $23.32. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s payout ratio is 16.67%.

Analysts Set New Price Targets

A number of research firms have recently commented on AGI. Royal Bank of Canada raised their target price on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Alamos Gold has an average rating of “Buy” and a consensus target price of $26.06.

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.