What are you thoughts on Alamos Gold's results and it is still a buy? What is your view on JP morgan for long term hold given the surge in price recently due to the election results or am i better of with the ETF , XLF? Thanks very much
AGI EPS was 19c, missing estimates of 21c. Revenue of $360.9M matched estimates. EBITDA of $176.2M missed estimates by 5.6%. Operating revenue rose 40%. Guidance calls for 550,000+ ounces. Q3 production was a record 152,000 oz. up 9% from Q2. Free cash flow was $87.5M. Costs were $1,405/oz. The balance sheet remains strong with $377M cash. We would consider the results solid and the stock remains attractive for the sector. On JPM, we cannot really compare a single company with a diversified ETF. We like JPM and it should do well in a Trump presidency. But the ETFs will provide more diversity and safety.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in JPM.