Alamos Gold Inc. (NYSE:AGI) – Raymond James Financial issued their Q1 2017 EPS estimates for shares of Alamos Gold in a research report issued on Thursday. Raymond James Financial analyst P. Russo forecasts that the brokerage will post earnings per share of $0.04 for the quarter. Raymond James Financial currently has a “Outperform” rating on the stock. Raymond James Financial also issued estimates for Alamos Gold’s Q2 2017 earnings at $0.04 EPS, Q3 2017 earnings at $0.04 EPS and Q4 2017 earnings at $0.04 EPS.
Alamos Gold (NYSE:AGI) last released its quarterly earnings results on Wednesday, August 10th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $120.10 million for the quarter, compared to analyst estimates of $129.13 million. Alamos Gold had a negative return on equity of 3.73% and a negative net margin of 21.64%. Alamos Gold’s revenue for the quarter was up 68.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS.
A number of other research analysts have also commented on the company. Zacks Investment Research lowered Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. TheStreet downgraded Alamos Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, August 31st. TD Securities restated a “hold” rating and set a $11.50 target price (up previously from $10.00) on shares of Alamos Gold in a research note on Saturday, August 13th. Canaccord Genuity restated a “hold” rating and set a $12.50 target price (down previously from $14.00) on shares of Alamos Gold in a research note on Saturday, August 13th. Finally, National Bank Financial upgraded Alamos Gold from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $9.03.
Alamos Gold (NYSE:AGI) opened at 7.92 on Monday. The company’s 50-day moving average price is $8.28 and its 200 day moving average price is $7.52. The firm’s market capitalization is $2.11 billion. Alamos Gold has a 52-week low of $2.27 and a 52-week high of $10.41.
Institutional investors have recently bought and sold shares of the company. Montrusco Bolton Investments Inc. bought a new position in Alamos Gold during the second quarter valued at approximately $165,000. Eagle Boston Investment Management Inc. increased its position in Alamos Gold by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 437,097 shares of the company’s stock valued at $3,759,000 after buying an additional 11,364 shares during the period. Royal Bank of Canada increased its position in Alamos Gold by 8,946.8% in the first quarter. Royal Bank of Canada now owns 3,179,411 shares of the company’s stock valued at $16,820,000 after buying an additional 3,144,267 shares during the period. Moore Capital Management LP bought a new position in Alamos Gold during the first quarter valued at approximately $434,000. Finally, Aristotle Capital Boston LLC increased its position in Alamos Gold by 13.3% in the first quarter. Aristotle Capital Boston LLC now owns 283,676 shares of the company’s stock valued at $1,501,000 after buying an additional 33,381 shares during the period. Institutional investors and hedge funds own 60.54% of the company’s stock.
Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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