Alamos Gold (NYSE:AGI) Releases Earnings Results

Alamos Gold (NYSE:AGI) (TSE:AGI) posted its earnings results on Wednesday. The basic materials company reported $0.25 EPS for the quarter, topping 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 Performance

NYSE AGI traded down $0.02 on Wednesday, hitting $22.69. 2,236,250 shares of the company traded hands, 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 company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average price is $19.96 and its 200-day moving average price is $19.56. Alamos Gold has a 52-week low of $11.34 and a 52-week high of $23.32.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.44%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analyst Weigh In

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

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.