National Bank Financial Estimates Alamos Gold Q3 Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Research analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for Alamos Gold in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the company will post earnings per share of $0.29 for the quarter. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share.

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

Alamos Gold Stock Performance

The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold has a twelve month low of C$15.27 and a twelve month high of C$29.66. The business has a 50 day simple moving average of C$26.62 and a 200 day simple moving average of C$23.60. The stock has a market cap of C$12.26 billion, a PE ratio of 42.97, a PEG ratio of -2.10 and a beta of 1.10.

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

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, September 12th. 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 yield of ?. Alamos Gold’s payout ratio is 20.59%.

Insiders Place Their Bets

In other news, Senior Officer Adrian Paulse sold 15,571 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$24.80, for a total value of C$386,193.50. In other Alamos Gold news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the 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 sale, the insider now directly owns 374 shares of the company’s stock, valued at approximately C$10,718.84. This represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Adrian Paulse sold 15,571 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$24.80, for a total transaction of C$386,193.50. In the last ninety days, insiders sold 69,166 shares of company stock worth $1,819,560. 0.27% of the stock is currently owned by company insiders.

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.