Alamos Gold FY2024 EPS Lifted by National Bank Financial

Alamos Gold Inc. (TSE:AGI - Free Report) NYSE: AGI - Equities researchers at National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for shares of Alamos Gold in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the company will earn $1.13 per share for the year, up from their prior forecast of $1.12. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Alamos Gold's current full-year earnings is $1.48 per share.

Several other analysts have also recently weighed in on AGI. National Bankshares upgraded shares of Alamos Gold from a "sector perform" rating to an "outperform" rating and set a C$35.00 price target on the stock in a report on Tuesday, December 3rd. CIBC lifted their target price on shares of Alamos Gold from C$38.00 to C$40.00 in a research note on Monday, December 2nd. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$28.78.

Alamos Gold Trading Down 3.4 %

Shares of AGI traded down C$1.12 during mid-day trading on Thursday, hitting C$31.58. 2,123,586 shares of the company's stock traded hands, compared to its average volume of 674,896. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The firm has a market capitalization of C$9.34 billion, a P/E ratio of 37.60, a PEG ratio of -2.10 and a beta of 1.10. The business's 50-day moving average price is C$28.58 and its 200-day moving average price is C$27.12. Alamos Gold has a 1 year low of C$15.28 and a 1 year high of C$33.03.

Insider Activity at Alamos Gold

In related news, Director David Alexander Fleck purchased 2,000 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The shares were bought 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 corporate 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.