FY2024 EPS Forecast for Alamos Gold Lowered by Analyst

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Analysts at National Bank Financial dropped their FY2024 earnings per share estimates for Alamos Gold in a research note issued to investors on Tuesday, January 14th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $1.12 per share for the year, down from their previous estimate of $1.15. National Bank Financial 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). The firm had revenue of C$492.35 million for the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%.

A number of other equities research analysts have also weighed in on the company. National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective on the stock in a research report on Tuesday, December 3rd. CIBC boosted their price objective on shares of Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$28.78.

Alamos Gold Stock Down 1.0 %

Shares of TSE:AGI 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 market cap of C$11.66 billion, a PE ratio of 40.85, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06. The stock’s 50-day moving average is C$26.70 and its 200 day moving average is C$25.92.

Insiders Place Their Bets

In related news, Director David Alexander Fleck acquired 2,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price 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.

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.