FY2024 EPS Estimates for Alamos Gold Cut by Analyst

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Research analysts at National Bank Financial dropped their FY2024 earnings estimates for Alamos Gold in a report issued on Monday, November 11th. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings per share of $0.83 for the year, down from their prior forecast of $0.84. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.77 per share. National Bank Financial also issued estimates for Alamos Gold’s FY2025 earnings at $1.11 EPS and FY2026 earnings at $1.18 EPS.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The company had revenue of $360.90 million during the quarter.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group lifted their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada increased their price target on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Scotiabank lifted their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.06.

Alamos Gold Stock Down 0.2 %

Shares of NYSE AGI opened at $17.74 on Thursday. Alamos Gold has a 52-week low of $11.24 and a 52-week high of $21.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The business has a fifty day moving average of $19.93 and a two-hundred day moving average of $17.95. The stock has a market cap of $7.45 billion, a PE ratio of 29.57, a PEG ratio of 0.80 and a beta of 1.19.

Institutional Trading of Alamos Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in Alamos Gold by 66.2% in the 1st quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock valued at $2,829,000 after buying an additional 76,379 shares during the last quarter. Twin Tree Management LP boosted its holdings in Alamos Gold by 9.9% in the first quarter. Twin Tree Management LP now owns 367,070 shares of the basic materials company’s stock valued at $5,414,000 after acquiring an additional 33,052 shares during the last quarter. Anthracite Investment Company Inc. increased its position in Alamos Gold by 22.2% in the first quarter. Anthracite Investment Company Inc. now owns 110,000 shares of the basic materials company’s stock worth $1,622,000 after purchasing an additional 20,000 shares during the period. Vanguard Group Inc. raised its holdings in Alamos Gold by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company’s stock worth $216,371,000 after purchasing an additional 250,207 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in Alamos Gold by 11.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 157,438 shares of the basic materials company’s stock worth $2,322,000 after purchasing an additional 16,301 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.56%. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

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.