AGI Earnings Prediction
The chart below shows how AGI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AGI sees a +2.42% change in stock price 10 days leading up to the earnings, and a +1.95% change 10 days following the report. On the earnings day itself, the stock moves by +0.13%. This data can give you a slight idea of what to expect for the next quarter's release.
AGI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
360.90M
40.87%
8.51%
Gross Margin
43.47%
13.41%
-9.64%
Operating Margin
34.97%
8.47%
-16.20%
Net Margin
23.41%
52.21%
11.05%
EPS
0.20
100.00%
17.65%
No Data Available
AGI Earnings Analysis
Alamos Gold Inc. Class A Common Shares Corporation (AGI.N) Earnings Conference Call
Positive
Record Gold Production: 1. Record Gold Production: Alamos Gold achieved record production of 152,000 ounces of gold in Q3 2024, contributing to a year-to-date total of 427,000 ounces, on track to meet increased full-year guidance by 13%.
Record Revenue Achievement: 2. Record Revenue and Cash Flow: The company reported record quarterly revenue of $361 million and cash flow from operations before working capital of $193 million, marking the third consecutive quarter of record revenue.
Free Cash Flow Performance: 3. Strong Free Cash Flow Generation: Alamos generated $88 million in free cash flow during the quarter and $219 million year-to-date, while continuing to fund high-return growth initiatives.
Production Guidance Increase: 4. Increased Production Guidance: The Mulatos District's production guidance was increased by 15% to between 185,000 and 195,000 ounces, reflecting strong operational performance and positioning for the year.
Exploration Potential Expansion: 5. Significant Exploration Upside: The PDA development plan is expected to triple the mine life of the Mulatos District to at least 2035, with an internal rate of return of 73% and low all-in sustaining costs of $1,000 per ounce.
Negative
Rising Sustaining Costs: 1. Increased All-in Sustaining Costs: All-in sustaining costs rose to $1,425 per ounce, up from earlier in the year, primarily due to higher cost production from the newly acquired Magino mine.
Decreased Gold Production: 2. Lower Gold Production at Magino: Magino produced only 16,800 ounces in Q3, a decrease from the previous quarter, attributed to downtime for improvements and a focus on waste stripping.
Cash Balance Decline: 3. Decline in Cash Balance: The company's cash balance declined slightly to $292 million, reflecting one-time costs related to the Argonaut acquisition and debt repayment.
Financial Volatility Indicators: 4. Impairment and Unrealized Losses: Reported net earnings included a $39 million impairment reversal and $21 million in unrealized losses on hedge derivatives, indicating financial volatility.
Capital Estimate Increase: 5. Increased Capital Estimate for Phase 3+ Expansion: The initial capital estimate for the Phase 3+ Expansion increased by 5% to $796 million due to inflationary pressures and scope changes, raising concerns about cost management.
AGI FAQs
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AGI Earning Call Sentiment
Alamos Gold Inc (AGI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AGI.N
0.13%Positive
The earnings call summary highlights strong financial performance with record revenue and production, despite increased costs. The company has a robust cash position and significant free cash flow, enabling debt repayment and growth initiatives. The Q&A section suggests confidence in operational integration and future production. The acquisition risks and cost increases are concerns, but optimistic guidance and strategic synergies from the acquisition suggest a positive outlook. The market may react positively given the strong production growth, exploration potential, and strategic plans, likely resulting in a 2% to 8% stock price increase.
