FY2024 EPS Estimates for Alamos Gold Decreased by Analyst

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Stock analysts at National Bank Financial lowered their FY2024 earnings estimates for Alamos Gold in a research report issued on Monday, November 11th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings per share of $0.83 for the year, down from their previous forecast of $0.84. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.77 per share. National Bank Financial also issued estimates for Alamos Gold’s FY2025 earnings at $1.11 EPS and FY2026 earnings at $1.18 EPS.

A number of other analysts have also weighed in on the company. Scotiabank upped their price objective on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Jefferies Financial Group boosted their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.06.

Alamos Gold Stock Down 0.9 %

Shares of AGI opened at $17.77 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The stock has a market capitalization of $7.47 billion, a PE ratio of 29.62, a P/E/G ratio of 0.80 and a beta of 1.19. The company’s 50-day simple moving average is $19.94 and its 200-day simple moving average is $17.95. Alamos Gold has a 1 year low of $11.24 and a 1 year high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The firm had revenue of $360.90 million for the quarter.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.56%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Institutional Trading of Alamos Gold

Several institutional investors and hedge funds have recently made changes to their positions in AGI. Hara Capital LLC purchased a new stake in Alamos Gold in the 3rd quarter valued at $47,000. Baldwin Brothers LLC MA purchased a new position in shares of Alamos Gold during the second quarter worth about $47,000. Daiwa Securities Group Inc. acquired a new position in Alamos Gold in the 2nd quarter valued at about $48,000. Eastern Bank purchased a new stake in Alamos Gold during the 3rd quarter valued at approximately $111,000. Finally, Employees Retirement System of Texas acquired a new stake in Alamos Gold during the 2nd quarter worth approximately $88,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.