FY2024 EPS Estimates for Alamos Gold Inc. (TSE:AGI) Increased by Desjardins

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Stock analysts at Desjardins increased their FY2024 earnings per share estimates for shares of Alamos Gold in a research report issued to clients and investors on Wednesday, April 3rd. Desjardins analyst J. Egilo now forecasts that the company will post earnings of $0.74 per share for the year, up from their prior estimate of $0.73. Desjardins has a “Hold” rating and a $18.75 price objective on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.77 per share.

Several other brokerages have also recently commented on AGI. Haywood Securities boosted their price target on shares of Alamos Gold from C$20.00 to C$22.50 in a research report on Monday, April 1st. TD Securities raised their target price on shares of Alamos Gold from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a research report on Wednesday, January 3rd. BMO Capital Markets raised their price objective on Alamos Gold from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Jefferies Financial Group set a C$14.00 target price on Alamos Gold and gave the company a “buy” rating in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Alamos Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.52.

Alamos Gold Trading Up 1.3 %

Shares of Alamos Gold stock opened at C$20.43 on Monday. The business has a fifty day simple moving average of C$17.58 and a 200-day simple moving average of C$17.51. The firm has a market cap of C$8.11 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of -2.10 and a beta of 0.97. Alamos Gold has a fifty-two week low of C$14.80 and a fifty-two week high of C$20.94. The company has a quick ratio of 1.06, a current ratio of 2.36 and a debt-to-equity ratio of 0.04.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued 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. The business had revenue of C$346.65 million for the quarter. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%.

Insider Buying and Selling at Alamos Gold

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

Alamos Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.034 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio is currently 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.