Alamos Gold FY2024 EPS Decreased by National Bank Financial

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Investment analysts at National Bank Financial dropped their FY2024 earnings per share estimates for shares of Alamos Gold in a research report issued to clients and investors on Monday, November 11th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings per share of $0.83 for the year, down from their previous forecast of $0.84. National Bank Financial currently 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.

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

Alamos Gold Stock Down 0.2 %

Alamos Gold stock opened at $17.74 on Thursday. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 0.80 and a beta of 1.19. The company’s 50 day simple moving average is $19.93 and its 200 day simple moving average is $17.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. Alamos Gold has a fifty-two week low of $11.24 and a fifty-two week high of $21.45.

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

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s payout ratio is presently 16.67%.

Hedge Funds Weigh In On Alamos Gold

A number of large investors have recently added to or reduced their stakes in the company. Baldwin Brothers LLC MA acquired a new position in shares of Alamos Gold during the second quarter worth about $47,000. Hara Capital LLC bought a new stake in Alamos Gold in the 3rd quarter valued at approximately $47,000. Daiwa Securities Group Inc. acquired a new position in Alamos Gold during the 2nd quarter worth approximately $48,000. Employees Retirement System of Texas bought a new position in shares of Alamos Gold during the 2nd quarter worth approximately $88,000. Finally, Eastern Bank acquired a new stake in shares of Alamos Gold in the third quarter valued at approximately $111,000. Institutional investors own 64.33% 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.