Alamos Gold FY2024 EPS Cut by National Bank Financial

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Analysts at National Bank Financial dropped their FY2024 EPS estimates for Alamos Gold in a research report issued on Monday, November 11th. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $1.15 per share for the year, down from their previous forecast of $1.16. 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 $1.54 EPS and FY2026 earnings at $1.64 EPS.

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

Alamos Gold Stock Performance

Alamos Gold stock opened at C$24.93 on Thursday. The stock’s 50-day moving average is C$27.07 and its 200-day moving average is C$24.32. Alamos Gold has a 12 month low of C$15.27 and a 12 month high of C$29.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06. The company has a market cap of C$10.46 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.04). Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The business had revenue of C$492.35 million during the quarter.

Alamos Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued 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 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s dividend payout ratio (DPR) is currently 20.59%.

Insider Transactions at Alamos Gold

In related news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the completion of the sale, the insider now directly owns 374 shares of the company’s stock, valued at approximately C$10,718.84. This represents a 80.96 % decrease in their position. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the business’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. Over the last ninety days, insiders have sold 38,546 shares of company stock valued at $1,052,940. 0.27% of the stock is owned by insiders.

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.