Alamos Gold Inc. Forecasted to Earn Q1 2024 Earnings of $0.16 Per Share (TSE:AGI)

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Research analysts at Desjardins issued their Q1 2024 earnings estimates for Alamos Gold in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst J. Egilo anticipates that the company will earn $0.16 per share for the quarter. Desjardins currently has a “Hold” rating and a $18.75 target price 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 earnings results on Wednesday, April 24th. The company reported C$0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.18. The firm 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%.

A number of other equities analysts have also issued reports on AGI. Royal Bank of Canada upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$12.00 to C$16.00 in a research report on Thursday, January 11th. Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and raised their price objective for the company from C$21.75 to C$27.75 in a research report on Tuesday, April 9th. Canaccord Genuity Group raised their price objective on shares of Alamos Gold from C$23.00 to C$25.00 in a research report on Tuesday. National Bankshares reduced their price objective on shares of Alamos Gold from C$27.50 to C$27.00 in a research report on Friday, April 19th. Finally, Jefferies Financial Group set a C$14.00 price objective on shares of Alamos Gold and gave the company a “buy” rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Alamos Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.60.

Alamos Gold Stock Performance

Shares of AGI opened at C$20.50 on Thursday. The firm has a 50-day moving average price of C$18.55 and a 200 day moving average price of C$17.91. The firm has a market capitalization of C$8.14 billion, a PE ratio of 28.47, 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. Alamos Gold has a 52-week low of C$14.80 and a 52-week high of C$22.00.

Insider Buying and Selling at Alamos Gold

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

Alamos Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio 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.