Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Equities research analysts at National Bank Financial raised their FY2017 earnings per share estimates for Alamos Gold in a report released on Thursday. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will earn $0.11 per share for the year, up from their prior estimate of $0.06. 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.

Several other research firms have also recently issued reports on AGI. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Alamos Gold in a research report on Tuesday, April 18th. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub raised Alamos Gold from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Raymond James Financial, Inc. reissued an “ourperform” rating and set a $12.00 price target on shares of Alamos Gold in a report on Thursday, June 15th. Finally, ValuEngine cut Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.88.

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Shares of Alamos Gold (NYSE:AGI) traded up 2.11% during mid-day trading on Monday, reaching $7.73. The company had a trading volume of 547,758 shares. The company has a 50 day moving average price of $7.00 and a 200 day moving average price of $7.39. The company’s market capitalization is $2.31 billion. Alamos Gold has a one year low of $5.95 and a one year high of $9.38.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The business had revenue of $131.30 million for the quarter, compared to analyst estimates of $125.71 million. Alamos Gold had a positive return on equity of 0.44% and a negative net margin of 2.61%. Alamos Gold’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share.

Several institutional investors have recently added to or reduced their stakes in the stock. Bbva Compass Bancshares Inc. boosted its position in Alamos Gold by 27.2% in the first quarter. Bbva Compass Bancshares Inc. now owns 19,128 shares of the basic materials company’s stock valued at $154,000 after buying an additional 4,090 shares during the last quarter. American Century Companies Inc. boosted its position in Alamos Gold by 131.0% in the first quarter. American Century Companies Inc. now owns 1,133,282 shares of the basic materials company’s stock valued at $9,101,000 after buying an additional 642,682 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Alamos Gold by 592.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 382,305 shares of the basic materials company’s stock valued at $3,070,000 after buying an additional 327,070 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Alamos Gold by 10.9% in the first quarter. Great West Life Assurance Co. Can now owns 911,515 shares of the basic materials company’s stock valued at $7,318,000 after buying an additional 89,718 shares during the last quarter. Finally, Exane Derivatives boosted its position in Alamos Gold by 5.1% in the first quarter. Exane Derivatives now owns 115,738 shares of the basic materials company’s stock valued at $929,000 after buying an additional 5,582 shares during the last quarter. 66.93% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Alamos Gold (NYSE:AGI)

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