Analysts Issue Forecasts for Alamos Gold Inc.’s Q1 2024 Earnings (TSE:AGI)

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Equities research analysts at Desjardins issued their Q1 2024 EPS estimates for Alamos Gold in a research report issued on Tuesday, April 23rd. Desjardins analyst J. Egilo expects that the company will earn $0.16 per share for the quarter. Desjardins currently has a “Hold” rating and a $18.75 target price on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.78 per share.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.18. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. The company had revenue of C$374.24 million during the quarter.

A number of other research firms also recently weighed in on AGI. Jefferies Financial Group set a C$14.00 target price on shares of Alamos Gold and gave the company a “buy” rating in a research report on Thursday, February 29th. National Bankshares decreased their target price on shares of Alamos Gold from C$27.00 to C$26.50 and set an “outperform” rating for the company in a research report on Friday. Canaccord Genuity Group raised their target price on shares of Alamos Gold from C$23.00 to C$25.00 in a research report on Tuesday. Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and increased their price target for the company from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$22.55.

Alamos Gold Stock Up 2.0 %

Shares of AGI stock opened at C$20.91 on Thursday. The firm has a fifty day moving average of C$18.64 and a 200-day moving average of C$17.92. The company has a quick ratio of 1.06, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. Alamos Gold has a 12-month low of C$14.80 and a 12-month high of C$22.00. The company has a market capitalization of C$8.30 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of -2.10 and a beta of 0.97.

Alamos Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.034 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.14 annualized dividend and a yield of 0.65%. Alamos Gold’s dividend payout ratio is presently 19.44%.

Insider Transactions at Alamos Gold

In other news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total value of C$559,737.00. Corporate insiders own 0.29% 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.