Analysts are weighing in on how Alamos Gold, Inc. (AGI), might perform in the near term. Wall Street analysts have favorable assessment of of the stock, with a mean rating of 2.3. The stock is rated as buy by 3 analysts, with 8 outperform and 4 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.
For the current quarter, the 10 analysts offering adjusted EPS forecast have a consensus estimate of $-0.03 a share, which would compare with $-0.01 in the same quarter last year. They have a high estimate of $-0.01 and a low estimate of $-0.08. Revenue for the period is expected to total nearly $113.35M from $44.73M the year-ago period.
For the full year, 14 Wall Street analysts forecast this company would deliver earnings of $-0.1 per share, with a high estimate of $-0.03 and a low estimate of $-0.25. It had reported earnings per share of $-0.1 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $472.75M versus 355.10M in the preceding year.
The analysts project the company to maintain annual growth of around -28.51 percent over the next five years as compared to an average growth rate of 17.53 percent expected for its competitors in the same industry.
Among the 9 analysts Thomson/First Call tracks, the 12-month average price target for AGI is $5.26 but some analysts are projecting the price to go as high as $7. If the optimistic analysts are correct, that represents a 22 percent upside potential from the recent closing price of $5.74. Some sell-side analysts, particularly the bearish ones, have called for $3.5 price targets on shares of Alamos Gold, Inc..
In the last reported results, the company reported earnings of $-0.08 per share, while analysts were calling for share earnings of $-0.03. It was an earnings surprise of -166.7 percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Alamos Gold Inc. explores for, mines, develops, and produces gold deposits in the United States and Canada. The company also explores for silver and precious metals. Its principal assets include the Young-Davidson mine, which includes mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine in the Salamandra concessions; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico. The company also holds interest in a portfolio of development stage projects in Mexico, Turkey, Canada, and the United States. The company was formerly known as AuRico Gold Inc. and changed its name to Alamos Gold, Inc. in July 2015. Alamos Gold, Inc. is headquartered in Toronto, Canada.
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