Alamos Gold Inc (USA) (AGI) Releases Earnings Results, Beats Expectations By $0.06 EPS

Alamos Gold Inc (USA) (AGI) reported quarterly earnings results on Thursday, May-12-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.02. The company posted revenue of $104.30 million in the period, compared to analysts expectations of $113.08 million. The company’s revenue was up 61.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on Alamos Gold Inc (USA). Alamos Gold Inc (USA) was Downgraded by Raymond James to ” Mkt Perform” on Apr 20, 2016. Alamos Gold Inc (USA) was Downgraded by RBC Capital Mkts to ” Sector Perform” on Mar 10, 2016.

Alamos Gold Inc (USA) opened for trading at $6.63 and hit $6.965 on the upside on Tuesday, eventually ending the session at $6.88, with a gain of 5.52% or 0.36 points. The heightened volatility saw the trading volume jump to 14,94,573 shares. Company has a market cap of $1,769 M.

Alamos Gold Inc. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition exploration development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora Mexico which includes several satellite gold occurrences. It also owns the Agi Dagi Kirazli and Camyurt gold development projects in Turkey. Agi Dagi and Kirazli gold development projects are located in Canakkale Province Turkey. The Camyurt project is located three kilometres southeast of the Agi Dagi project. The Company owns the Esperanza Gold Project which is a development stage asset located in south-central Mexico in the state of Morelos. It owns a 100% interest in the Quartz Mountain Property which is located in south-central Oregon. It operates through Carlisle Goldfields Ltd.

Alamos Gold Inc (USA)

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