FY2024 EPS Estimates for Alamos Gold Increased by Analyst

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Research analysts at National Bank Financial increased their FY2024 EPS estimates for shares of Alamos Gold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $1.16 for the year, up from their previous forecast of $0.88. 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 $1.57 EPS.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.26 by C$0.07. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The firm had revenue of C$455.07 million during the quarter.

A number of other brokerages have also recently commented on AGI. TD Securities raised their price objective on Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. BMO Capital Markets boosted their price target on shares of Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Scotiabank raised shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 16th. CIBC boosted their target price on shares of Alamos Gold from C$25.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Canaccord Genuity Group raised their price target on shares of Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Alamos Gold presently has an average rating of “Moderate Buy” and an average target price of C$25.80.

Alamos Gold Price Performance

Alamos Gold has a 12 month low of C$15.27 and a 12 month high of C$29.66. The firm has a market cap of C$12.26 billion, a P/E ratio of 42.97, a PEG ratio of -2.10 and a beta of 1.10. The company has a 50 day moving average price of C$26.62 and a 200-day moving average price of C$23.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04.

Alamos Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, September 12th. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a dividend yield of ∞. 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 stock in a transaction dated 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 transaction, the insider now owns 374 shares in the company, valued at approximately C$10,718.84. This represents a 0.00 % decrease in their ownership of the stock. In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the 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. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total value of C$45,569.40. Following the completion of the sale, the insider now owns 374 shares in the company, valued at approximately C$10,718.84. The trade was a 0.00 % decrease in their ownership of the stock. Insiders have sold 69,166 shares of company stock worth $1,819,560 in the last ninety days. Company insiders own 0.27% of the company’s stock.

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.