National Bank Financial Equities Analysts Increase Earnings Estimates for Alamos Gold Inc (AGI)
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) – Stock analysts at National Bank Financial lifted their FY2017 earnings per share (EPS) estimates for shares of Alamos Gold in a research note issued to investors on Thursday. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.10 for the year, up from their prior estimate of $0.08. National Bank Financial has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Alamos Gold’s FY2018 earnings at $0.11 EPS, FY2019 earnings at $0.24 EPS and FY2020 earnings at $0.40 EPS.
Separately, TD Securities upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating and set a C$12.50 target price for the company in a research report on Friday, May 5th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Alamos Gold currently has a consensus rating of “Buy” and a consensus target price of C$12.91.
Shares of Alamos Gold (TSE AGI) opened at 9.66 on Monday. Alamos Gold has a 52-week low of $7.86 and a 52-week high of $12.29. The stock’s 50 day moving average is $8.98 and its 200 day moving average is $9.79. The stock’s market cap is $2.89 billion.
In related news, insider James Porter bought 4,410 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average price of C$8.31 per share, for a total transaction of C$36,647.10.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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