Brokers Issue Forecasts for Alamos Gold Inc.’s Q1 2024 Earnings (TSE:AGI)

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Investment analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for Alamos Gold in a research note issued on Thursday, April 18th. National Bank Financial analyst M. Parkin anticipates that the company will post earnings per share of $0.19 for the quarter. National Bank Financial has a “Outperform Overweight” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.78 per share. National Bank Financial also issued estimates for Alamos Gold’s FY2024 earnings at $0.73 EPS and FY2025 earnings at $0.94 EPS.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.16 EPS for the quarter, meeting the consensus estimate of C$0.16. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The company had revenue of C$346.65 million for the quarter.

AGI has been the topic of several other reports. TD Securities raised their price objective on Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Haywood Securities lifted their price target on Alamos Gold from C$20.00 to C$22.50 in a research note on Monday, April 1st. Desjardins lowered their price target on Alamos Gold from C$19.50 to C$18.75 and set a “hold” rating on the stock in a research note on Friday, January 12th. Canaccord Genuity Group lifted their price target on Alamos Gold from C$23.00 to C$25.00 in a research note on Tuesday. Finally, Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and lifted their price target for the stock from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Alamos Gold currently has an average rating of “Moderate Buy” and an average price target of C$22.60.

Alamos Gold Stock Up 2.0 %

Shares of AGI opened at C$20.64 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold has a 12 month low of C$14.80 and a 12 month high of C$22.00. The stock’s 50 day moving average is C$18.34 and its two-hundred day moving average is C$17.85. The firm has a market cap of C$8.19 billion, a P/E ratio of 28.67, a PEG ratio of -2.10 and a beta of 0.97.

Alamos Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.034 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is currently 19.44%.

Insiders Place Their Bets

In other Alamos Gold news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total transaction of C$559,737.00. 0.29% of the stock is currently owned by corporate insiders.

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.