Alamos Gold (TSE:AGI) Posts Earnings Results

Alamos Gold (TSE:AGI) (NYSE:AGI) released its quarterly earnings results on Wednesday. The company reported C$0.84 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$844.09 million for the quarter. Alamos Gold had a return on equity of 25.24% and a net margin of 51.42%.

Alamos Gold Trading Down 1.4%

Shares of TSE:AGI traded down C$0.57 during midday trading on Wednesday, reaching C$40.13. The company’s stock had a trading volume of 1,087,443 shares, compared to its average volume of 1,168,494. Alamos Gold has a fifty-two week low of C$33.11 and a fifty-two week high of C$75.78. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.05 and a current ratio of 1.74. The firm has a 50 day moving average price of C$46.87 and a two-hundred day moving average price of C$55.97. The firm has a market capitalization of C$16.85 billion, a price-to-earnings ratio of 15.99, a PEG ratio of -2.10 and a beta of 1.89.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Alamos Gold from C$72.00 to C$80.00 in a research report on Wednesday, April 8th. TD raised their price target on shares of Alamos Gold from C$70.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, National Bank Financial cut their price target on shares of Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$76.20.

Alamos Gold Company Profile

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.