Brokers Offer Predictions for Alamos Gold FY2024 Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Investment analysts at National Bank Financial boosted their FY2024 EPS estimates for shares of Alamos Gold in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the company will earn $1.16 per share for the year, up from their previous estimate of $0.88. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share. National Bank Financial also issued estimates for Alamos Gold’s FY2025 earnings at $1.57 EPS.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, July 31st. The company reported C$0.33 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.07. The company had revenue of C$455.07 million for the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%.

Several other brokerages also recently issued reports on AGI. TD Securities lifted their target price on Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. Scotiabank raised shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. National Bankshares raised their target price on shares of Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a research note on Monday, September 16th. BMO Capital Markets boosted their price target on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, CIBC increased their price objective on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alamos Gold presently has an average rating of “Moderate Buy” and an average target price of C$25.80.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at C$28.89 on Friday. The company has a market capitalization of C$12.13 billion, a price-to-earnings ratio of 42.49, a PEG ratio of -2.10 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is C$26.72 and its 200-day simple moving average is C$23.66. Alamos Gold has a 52 week low of C$15.27 and a 52 week high of C$29.66.

Insider Transactions at Alamos Gold

In related news, Senior Officer Adrian Paulse sold 15,571 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$24.80, for a total transaction of C$386,193.50. In related news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of Alamos Gold stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the completion of the transaction, the insider now directly owns 374 shares of the company’s stock, valued at approximately C$10,718.84. The trade was a 0.00 % decrease in their position. Also, Senior Officer Adrian Paulse sold 15,571 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$24.80, for a total transaction of C$386,193.50. In the last 90 days, insiders sold 69,166 shares of company stock worth $1,819,560. 0.27% of the stock is currently owned by company insiders.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.48%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, September 12th. Alamos Gold’s dividend payout ratio (DPR) is presently 20.59%.

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.