Economy

Alamos Gold acquires Richmont Mines

Accern also assigned headlines about the basic materials company an impact score of 46.4017993747916 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

P/E of the company is not reported. National Bank Financial reissued an "outperform market weight" rating on shares of Alamos Gold in a research note on Sunday, July 23rd. (AGI) now has a value of $7.1 while the company's 52 week low is at $5.95, the shares dropped to the 52 week low on 12/15/16.

The combination of Alamos and Richmont Mines has been projected to have diversified gold production of over 500,000 ounces in the current year, led by three major, low-cost, long-life operations in Canada and Mexico.

This represents a 22% premium to Richmont's closing price and a 32% premium based on both companies' 20-day volume-weighted average prices, both as at September 8 on the TSX. Alamos Gold has a 12-month low of $5.95 and a 12-month high of $9.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Thursday, August 3rd.

In addition, Monarques will issue Richmont additional shares so that it will hold an approximately 19.9 per cent stake in the company. The company presently has a consensus rating of "Hold" and a consensus price target of $10.31. (AGI) is 0.04 while the analysts predicted the EPS of the stock to be 0.01 suggesting the company fell short of the analysts' expectations. During the same period in the prior year, the firm earned ($0.01) earnings per share. The firm's revenue for the quarter was up 9.3% on a year-over-year basis.

Yet another important factor while evaluating a good buy/sell decision for Alamos Gold, Inc.

Richmont Mines is now engaged in gold extraction from the Island Gold Mine in Ontario which Alamos calls as a high-quality, free cash flowing mine. If you are viewing this piece on another publication, it was stolen and republished in violation of worldwide copyright and trademark law. Alamos Gold had a positive return on equity of 0.44% and a negative net margin of 2.61%.

Alamos Gold, Inc. (AGI) has a market capitalization of 2.04 Billion which suggests the company is a huge company further suggesting that the shares of Alamos Gold, Inc.



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