Brokers Issue Forecasts for Alamos Gold Inc’s FY2018 Earnings (AGI)

Alamos Gold Inc (TSE:AGI) (NYSE:AGI) – Investment analysts at National Bank Financial increased their FY2018 EPS estimates for shares of Alamos Gold in a research report issued on Wednesday, according to Zacks Investment Research. National Bank Financial analyst M. Parkin now anticipates that the company will earn $0.22 per share for the year, up from their prior estimate of $0.20.

Other equities research analysts have also issued reports about the company. Raymond James Financial lowered their price objective on Alamos Gold from C$12.50 to C$12.00 in a research note on Monday, October 23rd. BMO Capital Markets lowered their price objective on Alamos Gold from C$14.00 to C$11.50 in a research note on Friday, November 24th. Desjardins reiterated a “hold” rating on shares of Alamos Gold in a research note on Monday, December 11th. CIBC lowered their price objective on Alamos Gold from C$13.50 to C$12.00 in a research note on Thursday, December 14th. Finally, Scotiabank lowered their price objective on Alamos Gold to C$11.50 and set a “sector perform” rating on the stock in a research note on Monday, December 18th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Alamos Gold currently has a consensus rating of “Buy” and an average price target of C$12.11.

Alamos Gold (TSE:AGI) remained flat at $C$6.85 during trading on Monday. 184,544 shares of the company were exchanged, compared to its average volume of 927,333. The stock has a market cap of $2,670.00 and a price-to-earnings ratio of 227.33. Alamos Gold has a 1 year low of C$6.33 and a 1 year high of C$11.53.

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Alamos Gold Company Profile

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.

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

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