Alamos Gold (TSE:AGI) Announces Earnings Results

Alamos Gold (TSE:AGI) (NYSE:AGI) issued its quarterly earnings data on Wednesday. The company reported C$0.63 EPS for the quarter, FiscalAI reports. Alamos Gold had a net margin of 52.85% and a return on equity of 26.10%. The firm had revenue of C$726.62 million for the quarter.

Alamos Gold Stock Performance

Shares of AGI opened at C$44.29 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.05 and a debt-to-equity ratio of 4.50. The firm has a market cap of C$18.54 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of -2.10 and a beta of 2.07. Alamos Gold has a 12-month low of C$38.03 and a 12-month high of C$75.78. The company’s 50 day simple moving average is C$47.96 and its 200-day simple moving average is C$53.10.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. National Bank Financial lifted their price objective on Alamos Gold from C$76.00 to C$81.00 and gave the company an “outperform” rating in a research note on Monday, September 21st. Canadian Imperial Bank of Commerce lowered their target price on Alamos Gold from C$82.00 to C$75.00 in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat, Alamos Gold presently has an average rating of “Buy” and a consensus target price of C$76.67.

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.