National Bank Financial Weighs in on Alamos Gold Inc.’s Q1 2024 Earnings (TSE:AGI)

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Investment analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for Alamos Gold in a research report issued to clients and investors on Thursday, April 18th. National Bank Financial analyst M. Parkin forecasts that the company will post earnings of $0.19 per share for the quarter. National Bank Financial currently has a “Outperform Overweight” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.78 per share. National Bank Financial also issued estimates for Alamos Gold’s FY2024 earnings at $0.73 EPS and FY2025 earnings at $0.94 EPS.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.16. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. The business had revenue of C$346.65 million during the quarter.

Other research analysts have also recently issued reports about the stock. Desjardins decreased their price objective on shares of Alamos Gold from C$19.50 to C$18.75 and set a “hold” rating on the stock in a research report on Friday, January 12th. Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and upped their target price for the stock from C$21.75 to C$27.75 in a research report on Tuesday, April 9th. TD Securities increased their target price on Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. National Bankshares dropped their price target on Alamos Gold from C$27.50 to C$27.00 in a research note on Friday. Finally, Haywood Securities raised their price objective on Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold has a consensus rating of “Moderate Buy” and a consensus price target of C$22.10.

Alamos Gold Trading Down 3.9 %

Shares of AGI opened at C$20.23 on Monday. Alamos Gold has a twelve month low of C$14.80 and a twelve month high of C$22.00. The stock has a market cap of C$8.03 billion, a PE ratio of 28.10, a P/E/G ratio of -2.10 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is C$18.34 and its 200-day moving average price is C$17.85.

Insider Transactions at Alamos Gold

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total transaction of C$559,737.00. Company insiders own 0.29% of the company’s stock.

Alamos Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.034 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 19.44%.

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.