Analysts Set Expectations for Alamos Gold FY2024 Earnings

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Equities research analysts at Scotiabank issued their FY2024 earnings per share (EPS) estimates for Alamos Gold in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Habib forecasts that the basic materials company will post earnings per share of $0.81 for the year. The consensus estimate for Alamos Gold’s current full-year earnings is $0.77 per share. Scotiabank also issued estimates for Alamos Gold’s FY2025 earnings at $1.18 EPS.

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

Several other research analysts have also weighed in on AGI. StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group lifted their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and a consensus price target of $25.06.

Alamos Gold Stock Up 3.3 %

Shares of NYSE:AGI opened at $19.34 on Friday. The firm has a market cap of $8.13 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The company has a fifty day simple moving average of $18.84 and a 200 day simple moving average of $18.72. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold has a 12-month low of $11.24 and a 12-month high of $21.45.

Hedge Funds Weigh In On Alamos Gold

Large investors have recently bought and sold shares of the business. Natixis Advisors LLC grew its position in shares of Alamos Gold by 2.0% during the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after acquiring an additional 531 shares during the last quarter. Captrust Financial Advisors grew its position in Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 728 shares during the last quarter. Foundation Resource Management Inc. increased its stake in shares of Alamos Gold by 3.0% in the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock valued at $826,000 after purchasing an additional 1,190 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Alamos Gold by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock valued at $1,042,000 after purchasing an additional 1,654 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Alamos Gold by 18.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the basic materials company’s stock valued at $216,000 after buying an additional 2,141 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.52%. Alamos Gold’s dividend payout ratio (DPR) is 16.67%.

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.