Alamos Gold Inc (TSE:AGI) – Equities research analysts at National Bank Financial issued their Q3 2016 earnings per share estimates for Alamos Gold in a research note issued to investors on Wednesday. National Bank Financial analyst A. Melnyk forecasts that the firm will post earnings of $0.04 per share for the quarter. National Bank Financial currently has a “Outperform” rating on the stock.
Several other research firms have also weighed in on AGI. Canaccord Genuity dropped their price objective on shares of Alamos Gold from C$14.00 to C$9.50 in a research note on Tuesday, July 12th. Desjardins lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. CIBC upped their price objective on shares of Alamos Gold from C$12.50 to C$13.50 in a research note on Tuesday, September 13th. TD Securities upped their price objective on shares of 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. Finally, Mackie upped their price objective on shares of 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. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Alamos Gold currently has a consensus rating of “Buy” and an average target price of C$9.54.
Alamos Gold (TSE:AGI) opened at 9.80 on Friday. The firm’s market cap is $2.62 billion. The firm has a 50-day moving average of $10.38 and a 200-day moving average of $9.98. Alamos Gold has a one year low of $3.27 and a one year high of $13.65.
The company also recently disclosed a dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 31st will be issued a dividend of $0.01 per share. This represents a dividend yield of 0.09%. The ex-dividend date of this dividend is Wednesday, October 12th.
About Alamos Gold
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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