Alamos Gold (AGI) Set to Announce Earnings on Wednesday

Alamos Gold (NYSE:AGI) (TSE:AGI) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Alamos Gold to post earnings of $0.22 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Alamos Gold Price Performance

Shares of AGI opened at $20.11 on Monday. The firm has a market cap of $8.45 billion, a P/E ratio of 40.22, a P/E/G ratio of 0.89 and a beta of 1.19. The stock has a 50 day simple moving average of $19.92 and a two-hundred day simple moving average of $17.74. Alamos Gold has a 1 year low of $11.24 and a 1 year high of $21.45.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.50%. Alamos Gold’s dividend payout ratio is presently 20.00%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AGI. Royal Bank of Canada upped their target price on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group increased their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, Scotiabank increased their price objective on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Alamos Gold presently has a consensus rating of “Moderate Buy” and an average price target of $25.06.

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.