Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) – National Bank Financial cut their FY2024 EPS estimates for shares of Alamos Gold in a report released on Sunday, September 15th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings per share of $0.65 for the year, down from their previous forecast of $0.66. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.75 per share. National Bank Financial also issued estimates for Alamos Gold’s FY2025 earnings at $0.81 EPS and FY2026 earnings at $0.77 EPS.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The company had revenue of $332.60 million during the quarter, compared to analysts’ expectations of $282.78 million. During the same quarter in the previous year, the company earned $0.15 EPS. Alamos Gold’s revenue was up 27.4% on a year-over-year basis.
Get Our Latest Stock Report on Alamos Gold
Alamos Gold Price Performance
Shares of NYSE:AGI opened at $20.20 on Wednesday. Alamos Gold has a one year low of $10.78 and a one year high of $21.14. The company has a 50 day moving average of $18.30 and a 200-day moving average of $16.34. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 38.85, a P/E/G ratio of 0.82 and a beta of 1.18.
Alamos Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, September 12th. Alamos Gold’s dividend payout ratio is currently 19.23%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Baldwin Brothers LLC MA acquired a new position in shares of Alamos Gold in the second quarter valued at approximately $47,000. Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold in the second quarter worth $48,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold in the second quarter worth $88,000. St. Johns Investment Management Company LLC bought a new stake in shares of Alamos Gold in the first quarter worth $115,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of Alamos Gold in the first quarter worth $203,000. Institutional investors and hedge funds own 64.33% 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.
Recommended Stories
- Five stocks we like better than Alamos Gold
- What is a Bond Market Holiday? How to Invest and Trade
- How Much Can You Make in Stocks in One Month?
- How to Evaluate a Stock Before Buying
- This Is the Top Large-Cap Stock Insiders Are Buying
- About the Markup Calculator
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.