Alamos Gold (NYSE:AGI) Announces Earnings Results

Alamos Gold (NYSE:AGI) (TSE:AGI) announced its quarterly 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. The business had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%.

Alamos Gold Trading Up 2.8 %

NYSE AGI opened at $23.32 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Alamos Gold has a twelve month low of $11.34 and a twelve month high of $24.27. The firm has a market capitalization of $9.80 billion, a PE ratio of 38.86, a P/E/G ratio of 0.39 and a beta of 1.16. The stock’s 50 day moving average is $20.15 and its 200 day moving average is $19.65.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Royal Bank of Canada lifted 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. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.