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

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Research analysts at Desjardins issued their Q1 2024 earnings estimates for Alamos Gold in a note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Egilo forecasts that the company will post earnings of $0.16 per share for the quarter. Desjardins currently has a “Hold” rating and a $18.75 price objective 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 posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.18. The business 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%.

AGI has been the subject of a number of other reports. Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$12.00 to C$16.00 in a research note on Thursday, January 11th. Canaccord Genuity Group boosted their price target on shares of Alamos Gold from C$23.00 to C$25.00 in a research note on Tuesday. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Haywood Securities boosted their price objective on shares of Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. Finally, National Bankshares decreased their price objective on shares of Alamos Gold from C$27.50 to C$27.00 in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$22.60.

Alamos Gold Trading Up 0.8 %

AGI opened at C$20.80 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 1.06. The company has a market cap of C$8.26 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of -2.10 and a beta of 0.97. The firm has a 50 day simple moving average of C$18.44 and a 200 day simple moving average of C$17.88. Alamos Gold has a fifty-two week low of C$14.80 and a fifty-two week high of C$22.00.

Alamos Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.034 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 19.44%.

Insider Activity

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