Alamos Gold Inc (TSE:AGI) – Equities research analysts at National Bank Financial cut their FY2016 EPS estimates for shares of Alamos Gold in a research note issued to investors on Wednesday. National Bank Financial analyst A. Melnyk now forecasts that the brokerage will earn ($0.03) per share for the year, down from their prior estimate of $0.03. National Bank Financial currently has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Alamos Gold’s FY2017 earnings at $0.24 EPS.
AGI has been the subject of several other reports. Canaccord Genuity lowered their price objective on Alamos Gold from C$14.00 to C$9.50 in a research note on Tuesday, July 12th. TD Securities raised their price objective on Alamos Gold from C$10.00 to C$11.50 and gave the company a “hold” rating in a research note on Thursday, August 11th. Desjardins lowered Alamos Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Mackie raised their price objective on Alamos Gold from C$11.25 to C$11.50 and gave the company a “hold” rating in a research note on Wednesday, September 21st. Finally, CIBC raised their price objective on Alamos Gold from C$6.00 to C$7.00 in a research note on Friday, June 24th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$9.54.
Shares of Alamos Gold (TSE:AGI) opened at 10.07 on Monday. The company has a 50-day moving average price of $10.38 and a 200 day moving average price of $10.05. The stock’s market capitalization is $2.69 billion. Alamos Gold has a 52 week low of $3.27 and a 52 week high of $13.65.
The company also recently announced a dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 31st will be given a dividend of $0.01 per share. This represents a yield of 0.09%. The ex-dividend date of this dividend is Wednesday, October 12th.
Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico, Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico, which includes several satellite gold occurrences.
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