$0.07 Earnings Per Share Expected for Alamos Gold Inc (NYSE:AGI) This Quarter

09 Dec 2019, 17:04 by Doug Wharley

Brokerages expect Alamos Gold Inc (NYSE:AGI) (TSE:AGI) to report earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Alamos Gold’s earnings. Alamos Gold posted earnings per share of $0.01 during the same quarter last year, which suggests a positive year over year growth rate of 600%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 19th.

On average, analysts expect that Alamos Gold will report full year earnings of $0.21 per share for the current year, with EPS estimates ranging from $0.20 to $0.22. For the next year, analysts forecast that the company will report earnings of $0.24 per share, with EPS estimates ranging from $0.17 to $0.29. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Alamos Gold.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. Alamos Gold had a positive return on equity of 2.12% and a negative net margin of 2.03%. The company had revenue of $172.90 million for the quarter, compared to the consensus estimate of $184.13 million. The firm’s revenue was up 17.9% on a year-over-year basis.

Several brokerages have recently issued reports on AGI. Zacks Investment Research downgraded Alamos Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Royal Bank of Canada restated a “sector perform” rating and issued a $6.50 price objective on shares of Alamos Gold in a research report on Thursday. Raymond James restated a “hold” rating and issued a $10.50 price objective on shares of Alamos Gold in a research report on Thursday, October 17th. Finally, ValuEngine downgraded Alamos Gold from a “sell” rating to a “strong sell” rating in a research report on Sunday, October 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $7.95.

Shares of NYSE:AGI traded down $0.07 on Wednesday, hitting $5.32. The company had a trading volume of 1,295,696 shares, compared to its average volume of 2,103,465. Alamos Gold has a 52-week low of $2.90 and a 52-week high of $7.78. The business has a 50 day moving average of $5.35 and a 200 day moving average of $5.97. The company has a market cap of $2.11 billion, a PE ratio of 106.40 and a beta of 0.22.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.75%. Alamos Gold’s dividend payout ratio is currently 80.00%.

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in Alamos Gold by 113.4% in the third quarter. Tower Research Capital LLC TRC now owns 10,934 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 5,811 shares during the last quarter. Colony Group LLC acquired a new position in Alamos Gold in the third quarter valued at $71,000. Violich Capital Management Inc. acquired a new position in Alamos Gold in the third quarter valued at $82,000. Envestnet Asset Management Inc. increased its stake in Alamos Gold by 32.0% in the third quarter. Envestnet Asset Management Inc. now owns 15,050 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 3,647 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in Alamos Gold in the second quarter valued at $159,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

About Alamos Gold

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.