National Bank Financial Forecasts Alamos Gold Q3 Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Analysts at National Bank Financial issued their Q3 2024 EPS estimates for shares of Alamos Gold in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the company will earn $0.29 per share 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 $1.48 per share.

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

AGI has been the topic of several other research reports. National Bankshares increased their price target on shares of Alamos Gold from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Scotiabank raised shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 16th. CIBC increased their price objective on shares of Alamos Gold from C$25.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. TD Securities increased their price objective on shares of Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. Finally, Canaccord Genuity Group increased their price objective on shares of Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. Three investment 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$25.80.

Alamos Gold Stock Performance

Shares of AGI stock opened at C$28.89 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. Alamos Gold has a one year low of C$15.27 and a one year high of C$29.66. The company’s 50-day simple moving average is C$26.72 and its 200-day simple moving average is C$23.64. The stock has a market capitalization of C$12.13 billion, a price-to-earnings ratio of 42.49, a PEG ratio of -2.10 and a beta of 1.10.

Insider Buying and Selling at Alamos Gold

In other Alamos Gold news, Senior Officer Adrian Paulse sold 15,571 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$24.80, for a total value of C$386,193.50. In other news, Senior Officer John Michael Fitzgerald sold 15,049 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$25.28, for a total value of C$380,426.68. Also, Senior Officer Adrian Paulse sold 15,571 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$24.80, for a total transaction of C$386,193.50. Over the last 90 days, insiders have sold 69,166 shares of company stock worth $1,819,560. 0.27% of the stock is owned by company insiders.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a $0.035 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.14 annualized dividend and a dividend yield of 0.48%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio (DPR) is presently 20.59%.

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.