Alamos Gold (AGI) Set to Announce Quarterly Earnings on Wednesday

Alamos Gold (NYSE:AGI) (TSE:AGI) will be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Alamos Gold to post earnings of $0.22 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Alamos Gold Trading Up 2.2 %

Alamos Gold stock opened at $16.88 on Tuesday. Alamos Gold has a 12 month low of $10.78 and a 12 month high of $17.91. The business’s 50 day simple moving average is $16.45 and its 200 day simple moving average is $14.64. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 0.78 and a beta of 1.16.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.10 annualized dividend and a yield of 0.59%. Alamos Gold’s payout ratio is 19.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.75 to $27.25 in a research report on Tuesday, April 9th. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Royal Bank of Canada increased their target price on Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group upped their price target on shares of Alamos Gold from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Scotiabank upped their price target on shares of Alamos Gold from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.