FY2024 EPS Estimates for Alamos Gold Lifted by Scotiabank

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Scotiabank lifted their FY2024 earnings estimates for Alamos Gold in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $1.16 per share for the year, up from their prior estimate of $1.12. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share. Scotiabank also issued estimates for Alamos Gold’s FY2026 earnings at $1.61 EPS.

Several other analysts have also recently issued reports on AGI. National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price on the stock in a research note on Tuesday, December 3rd. CIBC upped their target price on Alamos Gold from C$38.00 to C$40.00 in a research note on Monday, December 2nd. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, BMO Capital Markets lifted 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 note on Monday, September 16th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$26.50.

Alamos Gold Price Performance

AGI opened at C$28.11 on Thursday. The firm has a 50-day moving average price of C$26.69 and a 200-day moving average price of C$25.69. 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 twelve month low of C$15.27 and a twelve month high of C$29.66. The company has a market capitalization of C$11.80 billion, a price-to-earnings ratio of 41.34, a PEG ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04). The business 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 Transactions at Alamos Gold

In other news, Director David Alexander Fleck purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of C$26.85 per share, with a total value of C$53,700.00. Company insiders own 0.27% of the company’s stock.

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.