Analysts Issue Forecasts for Alamos Gold Q3 Earnings

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.

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

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.