Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - Research analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for shares of Alamos Gold in a report released on Monday, November 11th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will earn $0.83 per share for the year, down from their previous estimate of $0.84. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for Alamos Gold's current full-year earnings is $0.77 per share. National Bank Financial also issued estimates for Alamos Gold's FY2025 earnings at $1.11 EPS and FY2026 earnings at $1.18 EPS.
A number of other brokerages have also issued reports 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. Royal Bank of Canada lifted their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Scotiabank lifted their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Finally, Jefferies Financial Group upped their price objective 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Alamos Gold presently has an average rating of "Moderate Buy" and a consensus target price of $25.06.
View Our Latest Stock Analysis on Alamos Gold
Alamos Gold Trading Down 0.2 %
AGI stock traded down $0.03 during trading on Thursday, hitting $17.74. 2,898,307 shares of the company traded hands, compared to its average volume of 2,378,013. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. Alamos Gold has a 1 year low of $11.24 and a 1 year high of $21.45. The company has a 50-day moving average of $19.93 and a 200-day moving average of $17.95. The firm has a market capitalization of $7.45 billion, a PE ratio of 29.38, a P/E/G ratio of 0.80 and a beta of 1.19.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The business had revenue of $360.90 million during the quarter.
Alamos Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.56%. Alamos Gold's payout ratio is currently 16.67%.
Institutional Trading of Alamos Gold
A number of institutional investors have recently made changes to their positions in AGI. Vanguard Group Inc. raised its stake in Alamos Gold by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company's stock worth $216,371,000 after acquiring an additional 250,207 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock valued at $119,003,000 after purchasing an additional 4,521,282 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Alamos Gold by 71.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company's stock valued at $97,183,000 after purchasing an additional 2,756,759 shares in the last quarter. FMR LLC increased its stake in Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock worth $127,027,000 after acquiring an additional 2,148,153 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Alamos Gold by 19.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock worth $110,662,000 after buying an additional 891,255 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.
About Alamos Gold
(
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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.
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