Equities Analysts Offer Predictions for Alamos Gold Inc.’s Q1 2024 Earnings (TSE:AGI)

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Equities researchers at Desjardins issued their Q1 2024 earnings estimates for shares of Alamos Gold in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst J. Egilo forecasts that the company will post earnings per share of $0.16 for the quarter. Desjardins has a “Hold” rating and a $18.75 price target on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.78 per share.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.18 EPS for the quarter, hitting the consensus estimate of C$0.18. The company had revenue of C$374.24 million during the quarter. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%.

Several other analysts also recently commented on the stock. National Bankshares reduced their price target on shares of Alamos Gold from C$27.50 to C$27.00 in a research report on Friday, April 19th. BMO Capital Markets lifted their price target on shares of Alamos Gold from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$12.00 to C$16.00 in a report on Thursday, January 11th. Haywood Securities lifted their price objective on shares of Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. Finally, Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from C$21.75 to C$27.75 in a report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$22.60.

Alamos Gold Stock Performance

Shares of AGI stock opened at C$20.80 on Thursday. The company has a market cap of C$8.26 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of -2.10 and a beta of 0.97. Alamos Gold has a 52 week low of C$14.80 and a 52 week high of C$22.00. 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 firm has a 50 day moving average of C$18.44 and a 200-day moving average of C$17.88.

Alamos Gold Cuts Dividend

The firm also recently announced 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 0.65%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s payout ratio is 19.44%.

Insider Transactions at Alamos Gold

In other news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of Alamos Gold stock in a transaction on Wednesday, March 13th. The stock was 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 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.