Analysts Set Expectations for Alamos Gold FY2024 Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Equities researchers at National Bank Financial boosted their FY2024 earnings estimates for Alamos Gold in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $1.13 per share for the year, up from their previous estimate of $1.12. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share.

Several other research analysts have also issued reports on the stock. CIBC lifted their price target on shares of Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. National Bankshares raised Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective for the company in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$28.78.

Alamos Gold Stock Performance

Shares of AGI opened at C$32.64 on Thursday. Alamos Gold has a 12-month low of C$15.27 and a 12-month high of C$33.03. The stock has a market capitalization of C$13.70 billion, a P/E ratio of 48.00, a P/E/G ratio of -2.10 and a beta of 1.10. The firm’s 50 day moving average is C$28.38 and its 200-day moving average is C$26.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06.

Insider Buying and Selling at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck bought 2,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of C$26.85 per share, with a total value of C$53,700.00. Company insiders own 0.27% of the company’s stock.

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.