Alamos Gold Inc. to Post FY2023 Earnings of $0.46 Per Share, National Bank Financial Forecasts (TSE:AGI)

Alamos Gold Inc. (TSE:AGIGet Rating) (NYSE:AGI) – Investment analysts at National Bank Financial cut their FY2023 earnings per share estimates for shares of Alamos Gold in a research note issued on Thursday, July 28th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $0.46 per share for the year, down from their prior estimate of $0.49. The consensus estimate for Alamos Gold’s current full-year earnings is $0.61 per share.

Several other research firms have also issued reports on AGI. TD Securities dropped their price target on Alamos Gold from C$16.50 to C$16.00 in a research report on Thursday, July 21st. Canaccord Genuity Group raised Alamos Gold to a “buy” rating and set a C$12.00 target price on the stock in a research report on Thursday, April 28th. Bank of America increased their target price on Alamos Gold from C$10.25 to C$10.60 and gave the stock a “na” rating in a research report on Wednesday, June 29th. Finally, National Bankshares dropped their target price on Alamos Gold from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research report on Thursday, July 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$11.83.

Alamos Gold Stock Up 3.0 %

TSE AGI opened at C$10.12 on Monday. The stock has a market cap of C$3.96 billion and a PE ratio of -24.27. The company has a quick ratio of 1.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of C$9.48 and a two-hundred day moving average price of C$9.70. Alamos Gold has a fifty-two week low of C$8.30 and a fifty-two week high of C$11.61.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were paid a $0.032 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Wednesday, June 15th. Alamos Gold’s payout ratio is -17.99%.

Insider Activity at Alamos Gold

In other Alamos Gold news, Director Paul Murphy bought 5,000 shares of the stock in a transaction on Friday, June 17th. The shares were purchased at an average price of C$9.30 per share, with a total value of C$46,500.00. Following the acquisition, the director now directly owns 30,000 shares of the company’s stock, valued at approximately C$279,000.

Alamos Gold Company Profile

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Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc

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Earnings History and Estimates for Alamos Gold (TSE:AGI)

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