Scotiabank Comments on Alamos Gold FY2024 Earnings

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Investment analysts at Scotiabank issued their FY2024 earnings estimates for Alamos Gold in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Habib expects that the basic materials company will earn $0.81 per share for the year. The consensus estimate for Alamos Gold’s current full-year earnings is $0.77 per share. Scotiabank also issued estimates for Alamos Gold’s FY2025 earnings at $1.18 EPS.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%.

AGI has been the topic of several other research reports. Jefferies Financial Group raised their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Stock Performance

Shares of AGI stock opened at $19.50 on Friday. The company has a market cap of $8.19 billion, a P/E ratio of 32.50, a PEG ratio of 0.93 and a beta of 1.15. The business has a 50 day moving average of $18.83 and a two-hundred day moving average of $18.74. Alamos Gold has a 52 week low of $11.24 and a 52 week high of $21.45. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AGI. Hara Capital LLC bought a new stake in shares of Alamos Gold during the third quarter valued at about $47,000. Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold during the 2nd quarter worth about $48,000. Eastern Bank acquired a new stake in shares of Alamos Gold in the 3rd quarter worth approximately $111,000. Employees Retirement System of Texas acquired a new stake in shares of Alamos Gold in the 2nd quarter worth approximately $88,000. Finally, Plato Investment Management Ltd bought a new position in shares of Alamos Gold in the third quarter valued at approximately $147,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.51%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

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.