Alamos Gold FY2024 EPS Reduced by National Bank Financial

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Equities researchers at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Alamos Gold in a report issued on Tuesday, January 14th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings per share of $0.78 for the year, down from their previous forecast 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 $0.82 per share.

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

Other equities analysts have also recently issued reports about the company. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group upped their price objective on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Stock Up 0.4 %

Shares of Alamos Gold stock opened at $19.54 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Alamos Gold has a twelve month low of $11.24 and a twelve month high of $21.45. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 0.59 and a beta of 1.15. The company’s 50 day moving average is $18.79 and its 200 day moving average is $18.87.

Institutional Investors Weigh In On Alamos Gold

A number of hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp raised its holdings in Alamos Gold by 147.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after purchasing an additional 4,521,282 shares during the period. CIBC Asset Management Inc raised its stake in shares of Alamos Gold by 79.3% in the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock worth $97,336,000 after buying an additional 2,149,915 shares during the period. FMR LLC lifted its position in shares of Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Addenda Capital Inc. bought a new position in shares of Alamos Gold during the 4th quarter valued at approximately $34,869,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after acquiring an additional 891,255 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio is presently 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.