Alamos Gold Inc. (NYSE:AGI) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Previous Quarter Performance
Alamos Gold Inc. revealed income for the second quarter of $ 0.03 per share, from the revenue of $ 126.20 million. Wall street analysts are predicting, AGI to report 2Q20 income of $ 0.05 per share from revenue of $ 167.43 million. The bottom line results missed street analysts by $ 0.02 or 40 percent, at the same time, top line results fell short of analysts by $ 41.23 million or 24.63 percent.
Stock Performance
Shares of Alamos Gold Inc. traded up $ 0.24 or 2.78 percent on Tuesday, reaching $ 8.86 with volume of 2.59 million shares. Alamos Gold Inc. has traded high as $ 8.86 and has cracked $ 8.62 on the downward trend
According to the previous trading day, closing price of $ 8.86, representing a 158.08 % increase from the 52 week low of $ 3.34 and a 25.56 % decrease over the 52 week high of $ 11.58.
The company has a market capital of $ 3.48 billion and is part of the Basic Materials sector and Gold industry.
Recent Analyst recommendations
- On 8th October 2020, maintained by Bank of America at Underperform rating, with $ 10.00 target price.
Alamos Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The companys flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
