Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - Stock analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Alamos Gold in a report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin forecasts that the basic materials company will post earnings per share of $0.21 for the quarter. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Alamos Gold's current full-year earnings is $0.75 per share.
Other equities analysts have also issued reports about the stock. Scotiabank boosted their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Jefferies Financial Group upped their price target on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a report on Friday, October 4th. StockNews.com downgraded Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Finally, Royal Bank of Canada boosted their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.06.
Check Out Our Latest Report on AGI
Alamos Gold Stock Down 0.0 %
Shares of NYSE AGI traded down $0.01 during midday trading on Thursday, hitting $21.09. The stock had a trading volume of 2,349,965 shares, compared to its average volume of 2,351,229. The business's 50 day moving average is $19.80 and its 200-day moving average is $17.47. Alamos Gold has a 52 week low of $11.24 and a 52 week high of $21.45. The company has a market cap of $8.42 billion, a P/E ratio of 40.56, a PEG ratio of 0.86 and a beta of 1.18.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.05. The company had revenue of $332.60 million for the quarter, compared to analysts' expectations of $282.78 million. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. Alamos Gold's revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS.
Alamos Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Thursday, September 12th. Alamos Gold's dividend payout ratio (DPR) is presently 19.23%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp increased its position 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. Van ECK Associates Corp increased its holdings in Alamos Gold by 8.3% during the first quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company's stock valued at $772,863,000 after buying an additional 4,009,220 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in 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 worth $97,183,000 after acquiring an additional 2,756,759 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Alamos Gold by 311.9% during the 2nd quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company's stock worth $42,480,000 after acquiring an additional 2,051,935 shares during the last quarter. Finally, Triasima Portfolio Management inc. boosted its stake in shares of Alamos Gold by 328.2% during the 2nd quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company's stock worth $21,779,000 after acquiring an additional 1,064,629 shares during the last quarter. Institutional investors own 64.33% of the company's stock.
Alamos Gold Company Profile
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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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