Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) – Analysts at National Bank Financial increased their FY2023 earnings per share estimates for Alamos Gold in a research note issued to investors on Wednesday, June 29th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings of $0.49 per share for the year, up from their previous estimate of $0.43. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $0.33 per share.
A number of other equities analysts also recently commented on AGI. Canaccord Genuity Group upped their target price on Alamos Gold from C$12.00 to C$13.00 in a report on Thursday. StockNews.com started coverage on Alamos Gold in a report on Thursday, March 31st. They set a “hold” rating for the company. Stifel Nicolaus upped their target price on Alamos Gold from C$17.50 to C$18.25 in a report on Friday, May 27th. Finally, TD Securities upped their price target on Alamos Gold from C$16.00 to C$16.50 in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.09.
Shares of AGI stock opened at $7.02 on Friday. Alamos Gold has a fifty-two week low of $6.51 and a fifty-two week high of $9.22. The stock has a 50 day moving average price of $7.50 and a two-hundred day moving average price of $7.63. The company has a market capitalization of $2.75 billion, a P/E ratio of -21.94, a PEG ratio of 2.27 and a beta of 1.07. Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last announced its quarterly earnings data on Wednesday, April 27th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Alamos Gold had a negative net margin of 16.19% and a positive return on equity of 4.85%. The company had revenue of $184.50 million during the quarter, compared to the consensus estimate of $180.56 million.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Wednesday, June 15th. Alamos Gold’s payout ratio is currently -31.25%.
Several large investors have recently made changes to their positions in AGI. CWM LLC bought a new position in shares of Alamos Gold during the first quarter valued at $26,000. Eagle Bay Advisors LLC lifted its holdings in Alamos Gold by 104.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 4,343 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 2,216 shares during the period. SeaBridge Investment Advisors LLC bought a new position in Alamos Gold in the fourth quarter valued at about $77,000. Brown Brothers Harriman & Co. lifted its holdings in Alamos Gold by 58.8% in the first quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock valued at $83,000 after acquiring an additional 3,665 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Alamos Gold in the fourth quarter valued at about $89,000. 62.33% of the stock is currently owned by hedge funds and other institutional investors.
About Alamos Gold (Get Rating)
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company’s flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 hectares located in Matachewan in the Northern Ontario, Canada.