Research Analysts Set Expectations for Alamos Gold Inc.’s FY2024 Earnings (TSE:AGI)

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Analysts at National Bank Financial issued their FY2024 EPS estimates for shares of Alamos Gold in a research report issued to clients and investors on Sunday, September 15th. National Bank Financial analyst M. Parkin forecasts that the company will post earnings of $0.88 per share for the year. 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. National Bank Financial also issued estimates for Alamos Gold’s FY2025 earnings at $1.10 EPS and FY2026 earnings at $1.05 EPS.

A number of other research analysts have also commented on the stock. National Bankshares boosted 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 research report on Monday. Canaccord Genuity Group boosted their price target on shares of Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. TD Securities boosted their price target on shares of Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. BMO Capital Markets increased their price target on shares of Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a report on Monday. Finally, Scotiabank upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. Three 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$25.80.

Alamos Gold Stock Down 1.1 %

Alamos Gold stock opened at C$27.50 on Wednesday. Alamos Gold has a 1-year low of C$14.80 and a 1-year high of C$28.66. The firm has a market capitalization of C$11.54 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The firm has a 50 day simple moving average of C$24.83 and a 200 day simple moving average of C$22.11.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data 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. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The business had revenue of C$455.07 million during the quarter.

Insider Activity

In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total value of C$286,414.32. In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total transaction of C$286,414.32. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total transaction of C$567,150.78. Insiders sold 80,910 shares of company stock worth $2,060,405 over the last three months. Insiders own 0.27% of the company’s stock.

Alamos Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.51%. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, September 12th. Alamos Gold’s dividend payout ratio is 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.