Alamos Gold Inc. (TSE:AGI) Expected to Post Q1 2022 Earnings of $0.06 Per Share

Alamos Gold Inc. (TSE:AGIGet Rating) (NYSE:AGI) – Equities research analysts at National Bank Financial issued their Q1 2022 earnings per share (EPS) estimates for shares of Alamos Gold in a report issued on Tuesday, April 19th. National Bank Financial analyst M. Parkin forecasts that the company will earn $0.06 per share for the quarter. National Bank Financial also issued estimates for Alamos Gold’s FY2023 earnings at $0.54 EPS.

AGI has been the topic of a number of other research reports. Royal Bank of Canada set a C$8.00 price target on Alamos Gold and gave the stock a “sector perform” rating in a research report on Wednesday, January 19th. BMO Capital Markets lowered their price target on Alamos Gold from C$14.00 to C$11.00 in a research report on Wednesday, January 19th. National Bankshares boosted their price target on Alamos Gold from C$11.00 to C$13.00 in a research report on Wednesday. Canaccord Genuity Group boosted their price target on Alamos Gold from C$10.00 to C$12.00 in a research report on Friday. Finally, CIBC decreased their target price on Alamos Gold from C$14.50 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$12.40.

Shares of TSE AGI opened at C$10.48 on Thursday. The business’s 50 day moving average price is C$10.37 and its two-hundred day moving average price is C$9.75. The company has a market cap of C$4.11 billion and a PE ratio of -48.74. The company has a quick ratio of 1.50, a current ratio of 2.92 and a debt-to-equity ratio of 0.08. Alamos Gold has a twelve month low of C$8.30 and a twelve month high of C$11.61.

Alamos Gold (TSE:AGIGet Rating) (NYSE:AGI) last released its earnings results on Wednesday, February 23rd. The company reported C$0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.11. The company had revenue of C$256.06 million for the quarter, compared to the consensus estimate of C$254.59 million.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were given a $0.032 dividend. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, March 16th. This represents a $0.13 annualized dividend and a dividend yield of 1.22%. Alamos Gold’s dividend payout ratio is presently -34.88%.

In other Alamos Gold news, Senior Officer Colin Webster sold 17,166 shares of the firm’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of C$11.15, for a total transaction of C$191,347.69. Following the transaction, the insider now owns 20,585 shares in the company, valued at approximately C$229,458.94.

About Alamos Gold (Get Rating)

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 ha located in Matachewan in the Northern Ontario, Canada.

Further Reading

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

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