Alamos Gold FY2024 EPS Reduced by National Bank Financial

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Equities research analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Alamos Gold in a research note issued on Tuesday, January 14th. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $1.12 per share for the year, down from their prior estimate of $1.15. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share.

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

AGI has been the subject of a number of other reports. CIBC boosted their price target on shares of Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price for the company in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$28.78.

Alamos Gold Stock Performance

Alamos Gold stock opened at C$27.78 on Thursday. Alamos Gold has a 1-year low of C$15.27 and a 1-year high of C$29.66. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of C$11.66 billion, a PE ratio of 40.85, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The firm’s 50 day simple moving average is C$26.70 and its 200 day simple moving average is C$25.92.

Insiders Place Their Bets

In other Alamos Gold news, Director David Alexander Fleck acquired 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of C$26.85 per share, for a total transaction of C$53,700.00. Corporate insiders own 0.27% of the company’s stock.

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.