FY2024 EPS Estimate for Alamos Gold Reduced by Analyst

Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - National Bank Financial decreased their FY2024 earnings estimates for Alamos Gold in a report issued on Tuesday, January 14th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings per share of $0.78 for the year, down from their prior forecast of $0.83. National Bank Financial currently has a "Outperform" rating on the stock. The consensus estimate for Alamos Gold's current full-year earnings is $0.82 per share.

AGI has been the subject of several other reports. Jefferies Financial Group raised their target price on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, October 4th. StockNews.com downgraded shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $25.06.

Alamos Gold Stock Performance

Alamos Gold stock traded up $0.05 during mid-day trading on Thursday, reaching $19.45. 1,964,434 shares of the company's stock were exchanged, compared to its average volume of 1,990,983. The business's fifty day simple moving average is $18.79 and its 200 day simple moving average is $18.85. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Alamos Gold has a one year low of $11.24 and a one year high of $21.45. The firm has a market capitalization of $8.17 billion, a PE ratio of 32.41, a P/E/G ratio of 0.59 and a beta of 1.15.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results 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). The firm had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%.

Institutional Investors Weigh In On Alamos Gold

Several large investors have recently added to or reduced their stakes in the company. Hara Capital LLC purchased a new stake in Alamos Gold during the third quarter valued at about $47,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 856 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold during the 2nd quarter valued at approximately $48,000. Eastern Bank bought a new position in Alamos Gold in the 3rd quarter worth approximately $111,000. Finally, Employees Retirement System of Texas purchased a new position in Alamos Gold in the 2nd quarter valued at approximately $88,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given 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 dividend yield of 0.51%. Alamos Gold's dividend payout ratio is presently 16.67%.

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.