FY2024 EPS Estimates for Alamos Gold Increased by Scotiabank

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Research analysts at Scotiabank boosted their FY2024 earnings estimates for shares of Alamos Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will earn $1.16 per share for the year, up from their previous forecast of $1.12. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share. Scotiabank also issued estimates for Alamos Gold’s FY2026 earnings at $1.61 EPS.

A number of other brokerages have also issued reports on AGI. CIBC raised their price objective on shares of Alamos Gold from C$38.00 to C$40.00 in a report on Monday, December 2nd. BMO Capital Markets upped their price objective 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. National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price on the stock in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$26.50.

Alamos Gold Price Performance

Shares of AGI opened at C$27.78 on Thursday. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. The stock has a market cap of C$11.66 billion, a PE ratio of 40.85, a PEG ratio of -2.10 and a beta of 1.10. Alamos Gold has a 12-month low of C$15.27 and a 12-month high of C$29.66. The business has a 50-day simple moving average of C$26.72 and a two-hundred day simple moving average of C$25.64.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.

Insiders Place Their Bets

In other Alamos Gold news, Director David Alexander Fleck acquired 2,000 shares of Alamos Gold stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of C$26.85 per share, for a total transaction of C$53,700.00. 0.27% of the stock is currently 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.