Brokers Set Expectations for Alamos Gold FY2024 Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Stock analysts at National Bank Financial lowered their FY2024 earnings per share estimates for shares of Alamos Gold in a report issued on Monday, November 11th. National Bank Financial analyst M. Parkin now expects that the company will earn $1.15 per share for the year, down from their previous forecast of $1.16. 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 $1.54 EPS and FY2026 earnings at $1.64 EPS.

A number of other analysts have also weighed in on AGI. National Bankshares increased their price objective on shares of Alamos Gold from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. TD Securities upped their price target on shares of Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. BMO Capital Markets boosted their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Canaccord Genuity Group lifted their target price on shares of Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold has a consensus rating of “Moderate Buy” and an average target price of C$25.80.

Alamos Gold Price Performance

Shares of TSE:AGI opened at C$24.90 on Thursday. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold has a twelve month low of C$15.27 and a twelve month high of C$29.66. The company’s 50 day moving average is C$27.09 and its 200 day moving average is C$24.32. The company has a market cap of C$10.45 billion, a PE ratio of 36.62, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 earnings per share 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 firm had revenue of C$492.35 million during the quarter.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 0.56%. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, September 12th. Alamos Gold’s dividend payout ratio (DPR) is presently 20.59%.

Insider Activity

In related news, Senior Officer John Michael Fitzgerald sold 15,049 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$25.28, for a total transaction of C$380,426.68. In other Alamos Gold news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total value of C$45,569.40. Following the transaction, the insider now owns 374 shares in the company, valued at approximately C$10,718.84. This trade represents a 0.00 % decrease in their position. Also, Senior Officer John Michael Fitzgerald sold 15,049 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$25.28, for a total transaction of C$380,426.68. Insiders have sold a total of 53,595 shares of company stock worth $1,433,367 over the last 90 days. 0.27% of the stock is currently owned by company 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.