FY2024 EPS Estimates for Alamos Gold Lowered by Analyst

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Equities researchers at National Bank Financial dropped their FY2024 earnings per share estimates for Alamos Gold in a research report issued to clients and investors on Monday, November 11th. National Bank Financial analyst M. Parkin now forecasts that the company will earn $1.15 per share for the year, down from their prior estimate of $1.16. 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 $1.54 EPS and FY2026 earnings at $1.64 EPS.

Other research analysts have also issued research reports about the company. BMO Capital Markets lifted their price target on Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Canaccord Genuity Group lifted their target price on Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. TD Securities increased their price target on Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. Finally, National Bankshares lifted their price objective on shares of Alamos Gold from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$25.80.

Alamos Gold Stock Performance

Alamos Gold stock opened at C$24.70 on Thursday. The company’s 50-day moving average price is C$27.04 and its 200-day moving average price is C$24.33. 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 company has a market cap of C$10.37 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. Alamos Gold has a twelve month low of C$15.27 and a twelve month high of C$29.66.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.04). Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The business had revenue of C$492.35 million during the quarter.

Insider Transactions at Alamos Gold

In other news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$27.73, for a total transaction of C$567,150.78. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total value of C$45,569.40. Following the completion of the sale, the insider now owns 374 shares of the company’s stock, valued at C$10,718.84. The trade was a 80.96 % decrease in their position. Over the last ninety days, insiders have sold 38,546 shares of company stock worth $1,052,940. Insiders own 0.27% of the company’s stock.

Alamos Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.035 per share. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s payout ratio is currently 20.59%.

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.