FY2024 EPS Estimates for Alamos Gold Boosted by Analyst

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Equities research analysts at National Bank Financial raised their FY2024 earnings estimates for Alamos Gold in a research report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings of $0.79 per share for the year, up from their prior estimate of $0.78. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.81 per share.

AGI has been the topic of several other reports. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $26.06.

Alamos Gold Trading Up 1.6 %

Shares of NYSE AGI opened at $22.85 on Thursday. Alamos Gold has a 52-week low of $11.24 and a 52-week high of $23.06. The stock has a market capitalization of $9.61 billion, a P/E ratio of 38.08, a PEG ratio of 0.66 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $19.71 and its two-hundred day moving average price is $19.40.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AGI. Blue Trust Inc. lifted its holdings in Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares during the period. Hara Capital LLC bought a new position in shares of Alamos Gold in the third quarter valued at approximately $47,000. R Squared Ltd acquired a new position in shares of Alamos Gold during the fourth quarter valued at approximately $61,000. Finally, Eastern Bank bought a new stake in Alamos Gold during the third quarter worth approximately $111,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

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.