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

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

Alamos Gold Stock Performance

Shares of AGI traded down $0.02 during trading hours on Wednesday, hitting $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 cap of $9.54 billion, a price-to-earnings ratio of 37.81, a PEG ratio of 0.38 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The business has a 50 day simple moving average of $19.96 and a two-hundred day simple moving average of $19.56. Alamos Gold has a 52-week low of $11.34 and a 52-week high of $23.32.

Alamos Gold Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on AGI. Royal Bank of Canada raised their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com lowered shares of 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.com, Alamos Gold currently 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.