Alamos Gold Inc
 (AGI)

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  • Nov. 12, 2015, 6:30 AM
    • Alamos Gold (NYSE:AGI): Q3 EPS of -$0.13 misses by $0.08.
    • Revenue of $103.6M (+42.1% Y/Y) misses by $7.66M.
    | Nov. 12, 2015, 6:30 AM
  • Oct. 15, 2015, 7:35 AM
    • Alamos Gold (NYSE:AGI) declares $0.01/share semi-annual dividend, -66.7% decrease from prior dividend of $0.03.
    • Forward yield 0.4%
    • Payable Nov. 16; for shareholders of record Oct. 30; ex-div Oct. 28.
    | Oct. 15, 2015, 7:35 AM
  • Aug. 20, 2015, 2:29 PM
    • Alongside interest rate sensitive names, the gold miners are well-bid as the major averages tumble.
    • The yellow metal itself is higher by 2.15% to $1,152 per ounce.
    • Gold Fields (GFI +15.1%), AngloGold Ashanti (AU +11.2%), Sibanye Gold (SBGL +11.3%), Alamos Gold (AGI +9.7%), IAMGOLD (IAG +6.1%), Randgold (GOLD +5.6%), Barrick (ABX +4.9%), Newmont (NEM +3.7%), Kincross (KGC +2.6%), Goldcorp (GG +3.2%).
    | Aug. 20, 2015, 2:29 PM | 20 Comments
  • Aug. 19, 2015, 9:50 AM
    • In the latest contrarian call on gold miners, CIBC has upgraded Alamos Gold (NYSE:AGI) to Outperform.
    • Raymond James and Canaccord upgraded Alamos in July, while citing its selloff. CIBC's upgrade comes a week after Alamos posted Q2 results.
    | Aug. 19, 2015, 9:50 AM
  • Aug. 12, 2015, 6:06 AM
    • Alamos Gold (NYSE:AGI): Q2 EPS of -$0.11 misses by $0.06.
    • Revenue of $44.0M (+0.4% Y/Y) beats by $0.3M.
    | Aug. 12, 2015, 6:06 AM
  • Jul. 24, 2015, 3:58 PM
    • Alamos Gold (AGI +7.6%) is upgraded to Outperfrom from Market Perform at Raymond James on valuation, but the firm cuts its price target to $6 from $8, which would still imply a near double from current levels.
    • After AGI closed its merger with AuRico Gold in early July, the firm believed investors would be better off to stay on the sidelines; AGI has since fallen an "unjustifiable" 46% in two weeks vs. gold at 7%, so the firm believes investors now would benefit in adding to positions as the risk/reward profile has swung in their favor.
    | Jul. 24, 2015, 3:58 PM
  • Jul. 20, 2015, 10:39 AM
    | Jul. 20, 2015, 10:39 AM | 123 Comments
  • Jul. 17, 2015, 2:58 PM
    • Barrick Gold (ABX -4.9%) sinks to 24-year lows in Toronto trading, leading a rout among bullion miners as the yellow metal extends its selloff to five-year lows.
    • ABX is under particular pressure, as the fall in gold casts doubt on the company’s strategy of shedding assets to pay down its $12.9B debt, as it "becomes harder and harder to sell those assets at any kind of reasonable value if metal prices are unwinding," Macquarie analyst Ron Stewart says.
    • ABX reportedly is nearing a deal to sell its Zaldivar copper mine in Chile, and is looking for buyers for its 50% stake in its Kalgoorlie mine, among other properties.
    • NEM -2.6%, GG -5.7%, GFI -1.1%, KGC -5.2%, AEM -5.1%, NG -2.2%, AGI -6.6%, AU -5.7%, GOLD -2.5%, SBGL -4.2%, BTG -6.4%, IAG -7.6%, EGO -7.6%, HL -3.5%, NGD -8.4%, AUY -2.9%, RGLD -2.9%, FNV -3.6%, SLW -3.3%.
    • ETFs: GDX, NUGT, GGN, DUST, SIL, GLDX, SGDM, ASA, SLVP, RING, PSAU, TGLDX, GDXS, GDXX
    | Jul. 17, 2015, 2:58 PM | 111 Comments
  • Jul. 10, 2015, 2:37 PM
    • Alamos Gold (AGI +0.6%) is upgraded to Buy from Hold with a C$9 price target, up from C$8.50, at Canaccord, reflecting recent weakness that has created the opportunity for a 39% upside.
    • With the completion of the merger with AuRico Gold, the firm now views AGI as a “higher-quality intermediate gold producer, combining Alamos' strong balance sheet, AuRico's attractive asset base (underpinned by the Young-Davidson mine in Ontario) and Alamos' current growth pipeline.”
    • The firm sees potential for long-term growth via a successful overhaul at the San Carlos underground operation and concession of the forestry and operating permits necessary for Turkish assets to operate.
    | Jul. 10, 2015, 2:37 PM
  • Jul. 6, 2015, 6:43 PM
    • Alamos Gold (NYSE:AGI) completed its acquisition of AuRico Gold (NYSE:AUQ) last week, a deal that gives it much greater scale that should help it withstand a difficult gold price environment, but TD Securities analysts Steven Green says the combined company still faces numerous challenges.
    • Most significant is AGI's relatively high operating costs, with estimated all-in sustaining costs of more than US$1K/oz. in 2016 - above most mid-tier peers - and Green expects AGI's Young-Davidson and Mulatos mines will operate at close to breakeven at current metal prices.
    • Young-Davidson is AGI's biggest catalyst, and the miner expects to complete the production ramp-up by 2017, but Green thinks there is still plenty of execution risk.
    • Green maintains his Hold rating but cuts his stock price target to $8.50 from $9.
    | Jul. 6, 2015, 6:43 PM | 3 Comments
  • Jun. 2, 2015, 10:49 AM
    • Alamos Gold (AGI +2.5%) says a Turkish court overturned a lower court ruling and has reinstated the company’s environmental impact assessment for the Kiralzi gold project.
    • AGI says the ruling follows a number of positive developments in Turkey this year, including the dismissal of the injunction against its environmental impact assessment for the Agi Dagi project, the passing of a new progressive mining law, and a reduction in forestry fees.
    • The ruling removes a key permitting hurdle for AGI’s Turkish portfolio, National Bank analysts say.
    | Jun. 2, 2015, 10:49 AM
  • May 7, 2015, 6:05 AM
    • Alamos Gold (NYSE:AGI): Q1 EPS of $0.02 beats by $0.04.
    • Revenue of $44.72M (+7.7% Y/Y) misses by $4.82M.
    | May 7, 2015, 6:05 AM
  • Apr. 28, 2015, 10:11 AM
    • Alamos Gold (AGI +2.9%) says a Turkish court has dismissed the injunction order that had been granted against the environmental impact assessment for the company’s Agi Dagi gold project, meaning the Turkish Ministry of Environment’s approval of the EIA has been "returned to good standing.”
    • AGI says it is looking forward to resuming work on the project.
    | Apr. 28, 2015, 10:11 AM
  • Apr. 27, 2015, 6:45 PM
    | Apr. 27, 2015, 6:45 PM | 39 Comments
  • Apr. 24, 2015, 6:50 PM
    • In another day of broad losses among in precious metals miners, Newmont Mining (NYSE:NEM) enjoyed a 6.5% surge following strong Q1 results that included impressive cost reductions in gold and copper production.
    • J.P. Morgan analysts especially liked the strong first quarter at Batu Hijau and Yanacocha and the deferral of some capex that allowed NEM to generate $344M in free cash flows and pay down $200M in debt; the firm says full-year guidance could be raised if cost reductions can be maintained in Q2.
    • Otherwise, it was not a good day for mining equities, following another drop in gold futures which tumbled to their lowest level in more than a month.
    • NEM CEO Gary Goldberg expects gold prices to gain ~25% to $1,500/oz. by 2020 on rising demand from China and a weaker dollar; for now, Goldberg says the strong U.S. dollar is “definitely having an adverse effect” on gold prices, and he expects the dollar will “eventually come back off of its highs in the next couple of years."
    • In today's trade: ABX -0.9%, AU -4.2%, GG -2.6%, SBGL -7.7%, GOLD -2%, AUY -2.5%, NGD -1.9%, GFI -4.4%, SLW -1%, PAAS -1.6%, EGO -4.1%, RGLD -2.7%, FNV -2.1%, KGC -0.4%, IAG -1.4%, BTG -1.9%, HL -1.9%, AGI -1.6%, AUQ -3.1%.
    | Apr. 24, 2015, 6:50 PM | 22 Comments
  • Apr. 22, 2015, 6:36 PM
    | Apr. 22, 2015, 6:36 PM | 37 Comments
Company Description
Alamos Gold Inc is engaged in the exploration, mine development and extraction of precious metals. It owns and operates the Mulatos mine and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico.
Industry: Gold
Country: Canada