National Bank Financial Comments on Alamos Gold Inc.’s Q1 2024 Earnings (TSE:AGI)

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – National Bank Financial issued their Q1 2024 earnings per share estimates for shares of Alamos Gold in a report issued on Thursday, April 18th. National Bank Financial analyst M. Parkin forecasts that the company will post earnings of $0.19 per share for the quarter. National Bank Financial has a “Outperform Overweight” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.78 per share. National Bank Financial also issued estimates for Alamos Gold’s FY2024 earnings at $0.73 EPS and FY2025 earnings at $0.94 EPS.

Several other research firms have also recently issued reports on AGI. Jefferies Financial Group set a C$14.00 price target on shares of Alamos Gold and gave the stock a “buy” rating in a report on Thursday, February 29th. Haywood Securities raised their price target on Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and upped their price objective for the stock from C$21.75 to C$27.75 in a report on Tuesday, April 9th. BMO Capital Markets raised their target price on Alamos Gold from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$12.00 to C$16.00 in a research note on Thursday, January 11th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.10.

Alamos Gold Stock Down 3.9 %

AGI stock opened at C$20.23 on Monday. The stock has a market capitalization of C$8.03 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of -2.10 and a beta of 0.97. The company has a fifty day moving average of C$18.34 and a 200-day moving average of C$17.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 2.36. Alamos Gold has a one year low of C$14.80 and a one year high of C$22.00.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share for the quarter, hitting the consensus estimate of C$0.16. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The firm had revenue of C$346.65 million during the quarter.

Alamos Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.034 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.14 dividend on an annualized basis and a yield of 0.67%. Alamos Gold’s payout ratio is 19.44%.

Insider Buying and Selling at Alamos Gold

In other news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total value of C$559,737.00. 0.29% of the stock is currently owned by insiders.

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.