Scotiabank Weighs in on Alamos Gold FY2024 Earnings

Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - Equities researchers at Scotiabank issued their FY2024 EPS estimates for Alamos Gold in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Habib anticipates that the basic materials company will earn $0.81 per share 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 - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The firm had revenue of $360.90 million during the quarter.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group boosted their price target 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. StockNews.com downgraded shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Finally, National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alamos Gold currently has an average rating of "Buy" and an average price target of $25.06.

Alamos Gold Stock Performance

Alamos Gold stock traded up $0.17 during mid-day trading on Friday, reaching $19.50. 2,247,817 shares of the company's stock were exchanged, compared to its average volume of 1,972,902. The firm has a market capitalization of $8.19 billion, a PE ratio of 32.50, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The business's fifty day simple moving average is $18.84 and its 200 day simple moving average is $18.72. Alamos Gold has a one year low of $11.24 and a one year high of $21.45.

Institutional Trading of Alamos Gold

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hara Capital LLC purchased a new stake in shares of Alamos Gold in the third quarter worth about $47,000. Daiwa Securities Group Inc. bought a new stake in Alamos Gold during the 2nd quarter worth approximately $48,000. Employees Retirement System of Texas purchased a new stake in Alamos Gold in the 2nd quarter worth approximately $88,000. Eastern Bank bought a new position in Alamos Gold in the 3rd quarter valued at $111,000. Finally, Plato Investment Management Ltd purchased a new position in shares of Alamos Gold during the 3rd quarter valued at $147,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.51%. Alamos Gold's payout ratio 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.