Alamos Gold FY2024 EPS Decreased by National Bank Financial

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Equities research analysts at National Bank Financial decreased their FY2024 EPS estimates for Alamos Gold in a research note issued on Tuesday, January 14th. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings per share of $0.78 for the year, down from their prior estimate 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 $0.77 per share.

A number of other research firms have also recently commented on AGI. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $25.06.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $19.39 on Thursday. The company has a market capitalization of $8.15 billion, a PE ratio of 32.32, a PEG ratio of 0.93 and a beta of 1.15. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $18.80 and its 200-day moving average price is $18.84. Alamos Gold has a twelve month low of $11.24 and a twelve month high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%.

Hedge Funds Weigh In On Alamos Gold

Hedge funds and other institutional investors have recently modified their holdings of the company. Hara Capital LLC bought a new stake in Alamos Gold in the 3rd quarter worth approximately $47,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold in the 2nd quarter valued at $48,000. Eastern Bank bought a new position in shares of Alamos Gold during the 3rd quarter valued at $111,000. Finally, Employees Retirement System of Texas bought a new stake in Alamos Gold in the second quarter worth $88,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders 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 yield of 0.52%. Alamos Gold’s payout ratio is 16.67%.

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.