Alamos Gold (TSE:AGI) Releases Quarterly Earnings Results

Alamos Gold (TSE:AGI) (NYSE:AGI) released its quarterly earnings results on Wednesday. The company reported C$0.63 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$726.62 million for the quarter. Alamos Gold had a return on equity of 22.60% and a net margin of 46.82%.

Alamos Gold Stock Performance

TSE AGI opened at C$40.26 on Friday. Alamos Gold has a fifty-two week low of C$38.03 and a fifty-two week high of C$75.78. The firm has a market capitalization of C$16.85 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of -2.10 and a beta of 2.07. The stock’s fifty day moving average is C$47.78 and its two-hundred day moving average is C$53.02. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.05 and a current ratio of 1.72.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AGI shares. National Bank Financial increased their price target on Alamos Gold from C$76.00 to C$81.00 and gave the company an “outperform” rating in a research note on Monday, September 21st. Canadian Imperial Bank of Commerce dropped their price objective on shares of Alamos Gold from C$82.00 to C$75.00 in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$76.67.

Alamos Gold Company Profile

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.