Alamos Gold FY2024 EPS Decreased by National Bank Financial

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Equities research analysts at National Bank Financial cut their FY2024 earnings estimates for Alamos Gold in a note issued to investors on Monday, November 11th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of $1.15 for the year, down from their previous forecast 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.

Several other equities analysts also recently commented on the stock. National Bankshares upped their price target on shares of Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a report on Monday, September 16th. Canaccord Genuity Group boosted their price objective on shares of Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. BMO Capital Markets raised their target price on shares of 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. Finally, TD Securities boosted their price target on Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$25.80.

Alamos Gold Stock Down 0.4 %

Shares of AGI opened at C$24.90 on Thursday. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. Alamos Gold has a 52-week low of C$15.27 and a 52-week high of C$29.66. The company has a market cap of C$10.45 billion, a PE ratio of 36.62, a P/E/G ratio of -2.10 and a beta of 1.10. The business has a fifty day moving average of C$27.09 and a 200 day moving average of C$24.32.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data 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). The company had revenue of C$492.35 million for the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%.

Insider Activity at Alamos Gold

In other Alamos Gold news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 374 shares in the company, valued at approximately C$10,718.84. The trade was a 0.00 % decrease in their ownership of the stock. In other news, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$26.68, for a total value of C$440,220.00. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total value of C$45,569.40. Following the transaction, the insider now owns 374 shares in the company, valued at approximately C$10,718.84. This trade represents a 0.00 % decrease in their ownership of the stock. Insiders have sold a total of 53,595 shares of company stock valued at $1,433,367 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a dividend of $0.035 per share. This is a boost 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 0.56%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s dividend payout ratio is 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.