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Alamos Gold: 3Q Earnings Snapshot

·1 min read

TORONTO (AP) _ Alamos Gold Inc. (AGI) on Wednesday reported third-quarter profit of $67.9 million.

The Toronto-based company said it had net income of 17 cents per share. Earnings, adjusted for non-recurring gains, were 15 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The gold mining company posted revenue of $218.4 million in the period.

Alamos Gold shares have risen 35% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.12, an increase of 62% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGI at https://www.zacks.com/ap/AGI