Alamos Gold (NYSE:AGI) Releases Earnings Results, Beats Estimates By $0.01 EPS

Alamos Gold (NYSE:AGI) (TSE:AGI) posted its earnings results on Wednesday. The basic materials company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01, Zacks reports. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%.

Alamos Gold Price Performance

Shares of AGI stock opened at $22.69 on Thursday. Alamos Gold has a 52 week low of $11.34 and a 52 week high of $23.32. The stock has a market capitalization of $9.54 billion, a PE ratio of 37.81, a PEG ratio of 0.38 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The stock’s fifty day moving average is $20.07 and its 200-day moving average is $19.62.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and an average price target of $26.06.

About Alamos Gold

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.