Alamos Gold Inc. (AGI) Expected to Earn FY2017 Earnings of ($0.06) Per Share

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Research analysts at Haywood Securities cut their FY2017 earnings per share estimates for shares of Alamos Gold in a research report issued to clients and investors on Wednesday. Haywood Securities analyst K. Smith now expects that the company will post earnings of ($0.06) per share for the year, down from their previous forecast of $0.03. Haywood Securities also issued estimates for Alamos Gold’s FY2018 earnings at $0.13 EPS.

AGI has been the subject of a number of other reports. Raymond James Financial, Inc. increased their price objective on Alamos Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Thursday, September 14th. TD Securities increased their price objective on Alamos Gold from C$12.50 to C$13.50 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of Alamos Gold in a research report on Sunday, July 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Alamos Gold currently has an average rating of “Buy” and a consensus price target of C$12.97.

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Alamos Gold (TSE:AGI) opened at C$8.15 on Friday. Alamos Gold has a fifty-two week low of C$7.79 and a fifty-two week high of C$11.83.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a dividend yield of 0.12%. Alamos Gold’s payout ratio is 66.67%.

In other news, insider James Porter bought 10,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were bought at an average price of C$8.91 per share, for a total transaction of C$89,100.00. Also, Director Paul Murphy bought 5,000 shares of the stock in a transaction dated Monday, November 6th. The shares were purchased at an average price of C$8.15 per share, for a total transaction of C$40,750.00. Over the last ninety days, insiders bought 25,500 shares of company stock valued at $213,975.

About Alamos Gold

Alamos Gold Inc is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Company’s segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. Its Corporate and other segment consists of exploration and development projects.

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

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