Alamos Gold Inc (NYSE:AGI) (TSE:AGI) – Equities research analysts at Raymond James issued their FY2019 earnings per share estimates for Alamos Gold in a report issued on Monday, April 8th, Zacks Investment Research reports. Raymond James analyst P. Russo expects that the basic materials company will post earnings per share of $0.15 for the year. Raymond James currently has a “Market Perform” rating and a $4.84 target price on the stock.
A number of other brokerages also recently commented on AGI. Zacks Investment Research upgraded Alamos Gold from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 9th. CIBC reiterated an “average” rating and set a $8.25 price objective on shares of Alamos Gold in a research report on Monday, January 21st. Royal Bank of Canada cut their price objective on Alamos Gold from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Wednesday, January 23rd. ValuEngine upgraded Alamos Gold from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, TheStreet downgraded Alamos Gold from a “c-” rating to a “d+” rating in a research report on Monday, March 4th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.62.
Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $156.00 million during the quarter, compared to the consensus estimate of $163.19 million. Alamos Gold had a positive return on equity of 0.74% and a negative net margin of 11.14%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 earnings per share.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bbva Compass Bancshares Inc. lifted its holdings in shares of Alamos Gold by 35.8% in the first quarter. Bbva Compass Bancshares Inc. now owns 52,679 shares of the basic materials company’s stock valued at $267,000 after purchasing an additional 13,893 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of Alamos Gold in the first quarter valued at $160,000. Moors & Cabot Inc. lifted its holdings in shares of Alamos Gold by 100.0% in the first quarter. Moors & Cabot Inc. now owns 119,042 shares of the basic materials company’s stock valued at $606,000 after purchasing an additional 59,528 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Alamos Gold by 17.5% in the first quarter. Alps Advisors Inc. now owns 1,990,681 shares of the basic materials company’s stock valued at $10,113,000 after purchasing an additional 296,025 shares in the last quarter. Finally, Tocqueville Asset Management L.P. lifted its holdings in shares of Alamos Gold by 28.4% in the first quarter. Tocqueville Asset Management L.P. now owns 9,653,820 shares of the basic materials company’s stock valued at $49,041,000 after purchasing an additional 2,136,900 shares in the last quarter. Institutional investors own 59.81% of the company’s stock.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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