Alamos Gold (AGI) Getting Somewhat Positive Press Coverage, Analysis Shows

Media coverage about Alamos Gold (NYSE:AGI) (TSE:AGI) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alamos Gold earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.4961980849837 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

Shares of Alamos Gold (NYSE AGI) opened at 7.05 on Wednesday. The stock has a 50 day moving average of $7.45 and a 200 day moving average of $7.26. Alamos Gold has a 12 month low of $5.95 and a 12 month high of $9.00. The stock’s market cap is $2.12 billion.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $131.30 million during the quarter, compared to analysts’ expectations of $125.71 million. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.44%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) earnings per share. On average, equities analysts anticipate that Alamos Gold will post $0.09 earnings per share for the current fiscal year.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be issued a $0.01 dividend. This represents a dividend yield of 0.3%. The ex-dividend date is Friday, October 13th. Alamos Gold’s dividend payout ratio (DPR) is currently -39.99%.

AGI has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada restated a “hold” rating and issued a $9.00 target price on shares of Alamos Gold in a research note on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. reaffirmed an “ourperform” rating and issued a $12.00 price target on shares of Alamos Gold in a research report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $10.67.

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About Alamos Gold

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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