Brokers Issue Forecasts for Alamos Gold Q4 Earnings

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Equities research analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for Alamos Gold in a research note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin forecasts that the basic materials company will earn $0.23 per share for the quarter. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.81 per share. National Bank Financial also issued estimates for Alamos Gold’s FY2025 earnings at $1.21 EPS.

AGI has been the topic of several other reports. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their target price on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $26.06.

Alamos Gold Stock Up 1.6 %

Alamos Gold stock opened at $22.85 on Wednesday. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 38.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. Alamos Gold has a 52 week low of $11.24 and a 52 week high of $23.06. The business’s 50-day moving average price is $19.71 and its 200 day moving average price is $19.40. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.44%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s payout ratio is currently 16.67%.

Institutional Trading of Alamos Gold

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 856 shares in the last quarter. Hara Capital LLC purchased a new position in shares of Alamos Gold in the third quarter valued at approximately $47,000. R Squared Ltd purchased a new position in shares of Alamos Gold in the fourth quarter valued at approximately $61,000. Finally, Eastern Bank purchased a new position in shares of Alamos Gold in the third quarter valued at approximately $111,000. 64.33% of the stock is owned by institutional investors and hedge funds.

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.