FY2024 EPS Estimates for Alamos Gold Boosted by Scotiabank

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Equities researchers at Scotiabank lifted their FY2024 earnings estimates for Alamos Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will post earnings of $1.16 per share for the year, up from their prior estimate of $1.12. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share. Scotiabank also issued estimates for Alamos Gold’s FY2026 earnings at $1.61 EPS.

AGI has been the topic of a number of other research reports. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target on the stock in a research note on Tuesday, December 3rd. CIBC raised their price objective on shares of Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. Finally, BMO Capital Markets boosted their price target on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$26.50.

Alamos Gold Price Performance

Alamos Gold stock opened at C$28.11 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. The company’s 50 day simple moving average is C$26.69 and its 200-day simple moving average is C$25.69. Alamos Gold has a 1 year low of C$15.27 and a 1 year high of C$29.66. The company has a market capitalization of C$11.80 billion, a price-to-earnings ratio of 41.34, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04). Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The company had revenue of C$492.35 million for the quarter.

Insider Activity at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of C$26.85 per share, with a total value of C$53,700.00. 0.27% of the stock is owned by insiders.

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.