FY2022 Earnings Estimate for Alamos Gold Inc. (TSE:AGI) Issued By National Bank Financial

Alamos Gold Inc. (TSE:AGIGet Rating) (NYSE:AGI) – Analysts at National Bank Financial cut their FY2022 earnings per share (EPS) estimates for shares of Alamos Gold in a research note issued on Tuesday, April 19th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.35 for the year, down from their previous forecast of $0.36.

Alamos Gold (TSE:AGIGet Rating) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported C$0.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.11. The firm had revenue of C$256.06 million during the quarter, compared to analysts’ expectations of C$254.59 million.

Several other analysts have also recently issued reports on AGI. BMO Capital Markets reduced their price target on shares of Alamos Gold from C$14.00 to C$11.00 in a research report on Wednesday, January 19th. Royal Bank of Canada set a C$8.00 target price on shares of Alamos Gold and gave the stock a “sector perform” rating in a research report on Wednesday, January 19th. Canaccord Genuity Group raised their target price on shares of Alamos Gold from C$10.00 to C$12.00 in a research report on Friday. National Bankshares raised their target price on shares of Alamos Gold from C$11.00 to C$13.00 in a research report on Wednesday. Finally, CIBC lowered their target price on shares of Alamos Gold from C$14.50 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alamos Gold presently has a consensus rating of “Hold” and a consensus target price of C$12.40.

Shares of AGI stock opened at C$10.48 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.92 and a quick ratio of 1.50. The firm has a market cap of C$4.11 billion and a PE ratio of -48.74. The company has a 50-day moving average of C$10.37 and a two-hundred day moving average of C$9.75. Alamos Gold has a 1-year low of C$8.30 and a 1-year high of C$11.61.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were issued a $0.032 dividend. This represents a $0.13 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Wednesday, March 16th. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio is currently -34.88%.

In other Alamos Gold news, Senior Officer Colin Webster sold 17,166 shares of the company’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of C$11.15, for a total value of C$191,347.69. Following the transaction, the insider now directly owns 20,585 shares of the company’s stock, valued at approximately C$229,458.94.

Alamos Gold Company Profile (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 ha located in Matachewan in the Northern Ontario, Canada.

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Earnings History and Estimates for Alamos Gold (TSE:AGI)

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