FY2024 EPS Estimates for Alamos Gold Boosted by Analyst

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Analysts at National Bank Financial lifted their FY2024 EPS estimates for Alamos Gold in a research note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings per share of $0.79 for the year, up from their previous forecast of $0.78. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.81 per share.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada raised their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $26.06.

Alamos Gold Price Performance

Shares of AGI opened at $23.04 on Thursday. The company has a market capitalization of $9.68 billion, a P/E ratio of 38.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. 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 firm has a 50 day moving average of $19.77 and a 200 day moving average of $19.43. Alamos Gold has a twelve month low of $11.27 and a twelve month high of $23.08.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio is currently 16.67%.

Institutional Investors Weigh In On Alamos Gold

A number of institutional investors and hedge funds have recently bought and sold shares of AGI. Blue Trust Inc. increased its holdings in shares of Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in Alamos Gold by 51.8% during 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 period. Hara Capital LLC acquired a new position in shares of Alamos Gold in the 3rd quarter valued at about $47,000. R Squared Ltd acquired a new position in shares of Alamos Gold in the 4th quarter valued at about $61,000. Finally, Cutler Capital Management LLC acquired a new position in shares of Alamos Gold in the 4th quarter valued at about $108,000. 64.33% of the stock is owned by institutional investors.

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.