Analysts Set Expectations for Alamos Gold FY2024 Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Equities researchers at Scotiabank boosted their FY2024 earnings per share estimates for shares of Alamos Gold in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will post earnings of $1.16 per share for the year, up from their previous estimate of $1.12. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share. Scotiabank also issued estimates for Alamos Gold’s FY2026 earnings at $1.61 EPS.

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

Several other equities research analysts also recently weighed in on the stock. CIBC raised 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 raised 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. BMO Capital Markets boosted their target price on Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, National Bank Financial upgraded shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and an average price target of C$26.50.

Alamos Gold Stock Up 3.3 %

TSE:AGI opened at C$27.78 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. The firm has a market cap of C$11.66 billion, a P/E ratio of 40.85, a P/E/G ratio of -2.10 and a beta of 1.10. Alamos Gold has a fifty-two week low of C$15.27 and a fifty-two week high of C$29.66. The firm has a 50-day simple moving average of C$26.72 and a two-hundred day simple moving average of C$25.64.

Insiders Place Their Bets

In other Alamos Gold news, Director David Alexander Fleck purchased 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average price of C$26.85 per share, with a total value of C$53,700.00. 0.27% of the stock is currently owned by company insiders.

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.