Alamos Gold Inc. (AGI) to Post Q4 2017 Earnings of $0.06 Per Share, Desjardins Forecasts
Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Stock analysts at Desjardins issued their Q4 2017 earnings per share estimates for Alamos Gold in a report released on Monday. Desjardins analyst J. Wolfson forecasts that the basic materials company will post earnings per share of $0.06 for the quarter. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Alamos Gold’s Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.05 EPS, Q1 2019 earnings at $0.07 EPS, Q2 2019 earnings at $0.07 EPS and Q3 2019 earnings at $0.08 EPS.
AGI has been the topic of several other research reports. ValuEngine cut Alamos Gold from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Royal Bank of Canada set a $9.00 target price on Alamos Gold and gave the company a “hold” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised Alamos Gold from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Tuesday, December 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $11.50 target price (down previously from $14.00) on shares of Alamos Gold in a research report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.88.
Shares of Alamos Gold (NYSE:AGI) traded down $0.21 during trading hours on Wednesday, hitting $6.15. The company had a trading volume of 2,280,300 shares, compared to its average volume of 2,667,619. The stock has a market capitalization of $2,474.42, a PE ratio of 106.00 and a beta of 0.46. Alamos Gold has a one year low of $5.93 and a one year high of $9.00.
A number of hedge funds have recently bought and sold shares of the business. Moors & Cabot Inc. purchased a new position in Alamos Gold in the third quarter worth $222,000. Jane Street Group LLC boosted its position in Alamos Gold by 442.5% in the third quarter. Jane Street Group LLC now owns 402,032 shares of the basic materials company’s stock worth $2,718,000 after purchasing an additional 327,918 shares during the last quarter. Magnetar Financial LLC purchased a new position in Alamos Gold in the third quarter worth $1,373,000. Commerzbank Aktiengesellschaft FI boosted its position in Alamos Gold by 23.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 188,458 shares of the basic materials company’s stock worth $1,274,000 after purchasing an additional 36,307 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Alamos Gold in the third quarter worth $3,348,000. 63.00% of the stock is currently owned by institutional investors and hedge funds.
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.
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