Alamos Gold Inc., a gold mining company based in Canada, trades under the ticker symbol AGI on the New York Stock Exchange (TSE: AGI). The analysts at National Bank Financial updated their projections for Alamos Gold’s earnings per share for the fiscal year 2023 in a research note published on January 15, 2019. This year, the company’s earnings per share that deals in fundamental materials are projected to increase to $0.35 from $0.25, as indicated by M. Parkin of National Bank Financial. This represents a significant increase from the previous year. According to the current forecast, Alamos Gold is expected to generate earnings of $0.26 per share for the entire year.
Alamos Gold (NYSE: AGI) released on October 26 the most recent report on the company’s performance, which was made public on that same day (TSE: AGI). The manufacturer of fundamental materials reported earnings per share of $0.07 for the quarter, which was in line with the consensus estimate of $0.07 among industry professionals. The sales for the company during the quarter came in at $213.60 million, which is significantly higher than the analysts’ predictions, which were $210.80 million for the company’s sales during the quarter. Alamos Gold had a return on equity of 4.13%, and the net margin for the company was 3.28%. Compared to the previous year, Alamos Gold saw an increase in revenue that was 7.9% higher. During the previous year, the company posted earnings per share of $0.10.
When trading started on Tuesday, an individual share of Alamos Gold was $11.00. According to the simple moving average calculated over the past 200 days, the stock’s current price is $9.83, while the 200-day simple moving average places it at $8.32. The company’s market capitalization is $4.33 billion, and it has a price-to-earnings ratio of 4.29, a price-to-earnings-growth ratio of 137.52, and a beta value of 1.03. The company is valued at $1.03 billion. Alamos Gold’s share price hit a low of $6.35 during the past year, while it reached a high of $11.38 during the same period.
There have been many more research publications on AGI than there were previously.
CIBC announced Friday that it had increased its price target for Alamos Gold shares from C$15.00 to C$17.50. The announcement was made in a study that was published on Friday. In a research note released on November 22, Scotiabank raised the price objective for Alamos Gold from $10.00 to $11.00. The previous price objective was $10.00. In addition, at the same time, the company was recommended to “sector outperform,” which is an improvement from the previous rating of “sector perform.” TheStreet upgraded Alamos Gold from a “c+” rating to a “b-” rating in a research note dated Friday, December 2, and StockNews.com started covering Alamos Gold in a research note dated Wednesday, October 12. Both of these research notes can be found on their respective websites. The company’s stock was the subject of both revisions to the ratings given to it. They advised their clients to “hold” the stock moving forward. The stock has been assigned a total of six different ratings by research analysts, three of which are bought ratings, three of which are held ratings, and three of which are strong buy ratings. The current average rating for Alamos Gold is “Moderate Buy,” and the price target is $13.61, according to data obtained from Bloomberg.com.
In recent months, the stock market has seen participation from various institutional investors buying and selling shares. During the second quarter of this year, Eagle Bay Advisors LLC invested $37,000 in Alamos Gold. Exchange Traded Concepts LLC increased its stake in Alamos Gold by making additional investments during the third quarter, bringing the total value of its holdings in the company to approximately $43,000. Brown Brothers Harriman & Co. increased its holdings in Alamos Gold by 58.8 percent over the first three months of 2018. Brown Brothers Harriman & Co. now holds a total of 9,901 shares of the stock held by the company that specializes in basic materials, following the acquisition of an additional 3,665 shares during the most recent fiscal quarter. These shares are currently valued at $83,000 as of right now. During the second quarter, Evanson Asset Management LLC made a new investment in Alamos Gold. This particular investment set the company back at approximately 73,000 dollars. The most recent transaction was finalized during the third quarter when Engineers Gate Manager LP made a new investment in Alamos Gold. This was the closing of the most recent deal. During that period, this was the only transaction that took place. The company’s stock is owned by institutional investors and hedge funds, accounting for 50.22 percent of the total.