National Bank Financial Forecasts Alamos Gold Q3 Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Equities researchers at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Alamos Gold in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin forecasts that the company will post earnings of $0.29 per share for the quarter. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share.

AGI has been the topic of several other reports. National Bankshares increased their price objective on Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a research note on Monday, September 16th. Canaccord Genuity Group upped their target price on shares of Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. BMO Capital Markets raised their target price on shares of Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Scotiabank upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, TD Securities raised their price objective on shares of Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$25.80.

Alamos Gold Trading Down 1.1 %

Shares of AGI stock opened at C$29.22 on Thursday. The stock has a market capitalization of C$12.26 billion, a P/E ratio of 42.97, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. Alamos Gold has a fifty-two week low of C$15.27 and a fifty-two week high of C$29.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. The company has a 50 day moving average price of C$26.62 and a 200 day moving average price of C$23.60.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, July 31st. The company reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.26 by C$0.07. The company had revenue of C$455.07 million during the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.035 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.48%. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s payout ratio is 20.59%.

Insider Activity

In other Alamos Gold news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of Alamos Gold stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the transaction, the insider now owns 374 shares of the company’s stock, valued at C$10,718.84. The trade was a 0.00 % decrease in their ownership of the stock. In other news, Senior Officer John Michael Fitzgerald sold 15,049 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$25.28, for a total transaction of C$380,426.68. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total value of C$45,569.40. Following the transaction, the insider now directly owns 374 shares in the company, valued at approximately C$10,718.84. This represents a 0.00 % decrease in their position. In the last three months, insiders sold 69,166 shares of company stock valued at $1,819,560. Insiders own 0.27% of the company’s stock.

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.