Alamos Gold Inc. (TSE:AGI - Free Report) NYSE: AGI - Research analysts at Scotiabank lifted their FY2024 earnings estimates for Alamos Gold in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $1.16 for the year, up from their previous estimate of $1.12. The consensus estimate for Alamos Gold's current full-year earnings is $1.48 per share. Scotiabank also issued estimates for Alamos Gold's FY2026 earnings at $1.61 EPS.
AGI has been the subject of several other reports. National Bankshares raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating and set a C$35.00 price objective for the company in a research report on Tuesday, December 3rd. CIBC increased their price objective on Alamos Gold from C$38.00 to C$40.00 in a research note on Monday, December 2nd. BMO Capital Markets raised their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Finally, National Bank Financial upgraded Alamos Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$26.50.
Read Our Latest Research Report on AGI
Alamos Gold Trading Up 1.2 %
Alamos Gold stock traded up C$0.33 during midday trading on Thursday, reaching C$28.11. The stock had a trading volume of 151,876 shares, compared to its average volume of 494,842. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of C$11.80 billion, a price-to-earnings ratio of 41.34, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. Alamos Gold has a 52-week low of C$15.27 and a 52-week high of C$29.66. The company has a fifty day moving average of C$26.69 and a 200 day moving average of C$25.69.
Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.04). The company had revenue of C$492.35 million during the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%.
Insiders Place Their Bets
In other Alamos Gold news, Director David Alexander Fleck purchased 2,000 shares of the stock in a transaction 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 owned by insiders.
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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