Alamos Gold Third Quarter 2024 Earnings: EPS Beats Expectations

Alamos Gold (TSE:AGI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$360.9m (up 41% from 3Q 2023).
• Net income: US$84.5m (up 115% from 3Q 2023).
• Profit margin: 23% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.20 (up from US$0.099 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alamos Gold EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Alamos Gold that you need to be mindful of.

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