Alamos Gold (AGI) Set to Announce Earnings on Wednesday

Alamos Gold (TSE:AGI) (NYSE:AGI) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.30 per share for the quarter.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.07. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The business had revenue of C$455.07 million for the quarter.

Alamos Gold Price Performance

AGI opened at C$29.31 on Wednesday. Alamos Gold has a 12-month low of C$15.27 and a 12-month high of C$29.66. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is C$26.81 and its 200-day simple moving average is C$23.75. The company has a market capitalization of C$12.30 billion, a price-to-earnings ratio of 43.10, a PEG ratio of -2.10 and a beta of 1.10.

Alamos Gold Increases Dividend

The business 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 0.48%. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio (DPR) is presently 20.59%.

Insiders Place Their Bets

In related news, Senior Officer Adrian Paulse sold 15,571 shares of Alamos Gold stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$24.80, for a total transaction of C$386,193.50. In related news, Senior Officer Adrian Paulse sold 15,571 shares of Alamos Gold stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$24.80, for a total transaction of C$386,193.50. Also, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of Alamos Gold stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$26.68, for a total value of C$440,220.00. Over the last 90 days, insiders sold 69,166 shares of company stock valued at $1,819,560. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AGI shares. TD Securities raised their price objective on Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. Scotiabank raised Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 16th. National Bankshares raised their price objective on Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Canaccord Genuity Group raised their price objective on Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. Finally, CIBC raised their price objective on Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.