Alamos Gold (TSE:AGI) Posts Earnings Results

Alamos Gold (TSE:AGI) (NYSE:AGI) announced its quarterly earnings results on Wednesday. The company reported C$0.84 earnings per share (EPS) for the quarter, FiscalAI reports. Alamos Gold had a net margin of 51.42% and a return on equity of 25.24%. The firm had revenue of C$844.09 million for the quarter.

Alamos Gold Trading Down 1.4%

Shares of TSE:AGI opened at C$40.13 on Thursday. The stock’s 50-day simple moving average is C$46.58 and its two-hundred day simple moving average is C$55.85. The stock has a market capitalization of C$16.85 billion, a price-to-earnings ratio of 15.99, a PEG ratio of -2.10 and a beta of 1.89. Alamos Gold has a 52-week low of C$33.11 and a 52-week high of C$75.78. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.05 and a current ratio of 1.74.

Analyst Ratings Changes

A number of research analysts recently weighed in on AGI shares. National Bank Financial lowered their price objective on shares of Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Canaccord Genuity Group lifted their target price on shares of Alamos Gold from C$72.00 to C$80.00 in a research report on Wednesday, April 8th. Finally, TD boosted their target price on shares of Alamos Gold from C$70.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Alamos Gold has an average rating of “Buy” and a consensus target price of C$76.20.

About Alamos Gold

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.