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

Alamos Gold Inc. (TSE:AGI - Free Report) NYSE: AGI - Stock analysts at Desjardins issued their Q1 2024 earnings per share (EPS) estimates for Alamos Gold in a research note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Egilo anticipates that the company will post earnings per share of $0.16 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.

Several other equities analysts have also issued reports on the company. Jefferies Financial Group set a C$14.00 price objective on Alamos Gold and gave the stock a "buy" rating in a report on Thursday, February 29th. Haywood Securities lifted their price target on shares of Alamos Gold from C$20.00 to C$22.50 in a research report on Monday, April 1st. National Bankshares cut their price objective on Alamos Gold from C$27.50 to C$27.00 in a research report on Friday, April 19th. National Bank Financial restated an "outperform overweight" rating on shares of Alamos Gold in a research report on Monday, April 8th. Finally, Bank of America upgraded 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 research report on Tuesday, April 9th. One 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.60.

Alamos Gold Stock Performance

Shares of AGI stock traded down C$0.30 during mid-day trading on Thursday, hitting C$20.50. 1,435,353 shares of the stock were exchanged, compared to its average volume of 640,036. The stock's fifty day simple moving average is C$18.55 and its two-hundred day simple moving average is C$17.91. The stock has a market capitalization of C$8.14 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of -2.10 and a beta of 0.97. Alamos Gold has a 12-month low of C$14.80 and a 12-month high of C$22.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 2.36.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.18 earnings per share for the quarter, meeting analysts' consensus estimates of C$0.18. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The company had revenue of C$374.24 million for the quarter.

Alamos Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.034 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.14 annualized dividend and a yield of 0.66%. Alamos Gold's dividend payout ratio (DPR) is presently 19.44%.

Insider Buying and Selling at Alamos Gold

In other news, Senior Officer Mario Luis Chavez - Martinez sold 30,000 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total transaction of C$559,737.00. 0.29% of the stock is currently owned by 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.