Alamos Gold FY2024 EPS Cut by National Bank Financial

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Research analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) 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 earn $0.83 per share for the year, down from their previous forecast of $0.84. National Bank Financial currently 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.

AGI has been the topic of several other reports. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank upped their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group upped their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold has an average rating of “Moderate Buy” and a consensus price target of $25.06.

Alamos Gold Stock Down 1.1 %

AGI stock opened at $17.54 on Thursday. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $19.91 and its 200 day moving average is $17.95. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.19. 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 announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The company had revenue of $360.90 million for the quarter.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s payout ratio is currently 16.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co grew its position in Alamos Gold by 131.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company’s stock valued at $1,434,000 after acquiring an additional 55,352 shares during the last quarter. National Bank of Canada FI grew its position in Alamos Gold by 3.4% during the first quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company’s stock valued at $21,824,000 after acquiring an additional 45,412 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Alamos Gold by 71.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock valued at $97,183,000 after purchasing an additional 2,756,759 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Alamos Gold by 66.2% during the first quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock valued at $2,829,000 after purchasing an additional 76,379 shares during the period. Finally, Murphy Pohlad Asset Management LLC boosted its stake in shares of Alamos Gold by 81.9% during the second quarter. Murphy Pohlad Asset Management LLC now owns 135,870 shares of the basic materials company’s stock valued at $2,130,000 after purchasing an additional 61,155 shares during the period. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Company Profile

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.