Scotiabank Issues Negative Forecast for Alamos Gold Earnings

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Equities research analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for shares of Alamos Gold in a report released on Friday, June 26th. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings of $1.96 per share for the year, down from their prior forecast of $2.16. The consensus estimate for Alamos Gold’s current full-year earnings is $2.38 per share. Scotiabank also issued estimates for Alamos Gold’s FY2027 earnings at $2.73 EPS.

AGI has been the topic of a number of other reports. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings lowered shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Bank of America lowered their price target on shares of Alamos Gold from $57.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $53.00.

Alamos Gold Stock Performance

NYSE AGI opened at $30.28 on Wednesday. The company has a market capitalization of $12.69 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 0.41 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01. Alamos Gold has a 52-week low of $23.92 and a 52-week high of $55.41. The company has a 50-day simple moving average of $38.72 and a 200 day simple moving average of $41.89.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm’s quarterly revenue was up 79.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is currently 6.37%.

Hedge Funds Weigh In On Alamos Gold

Several large investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp purchased a new stake in shares of Alamos Gold during the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC grew its stake in Alamos Gold by 62.7% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after buying an additional 251 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Alamos Gold by 44.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after buying an additional 222 shares in the last quarter. Parallel Advisors LLC bought a new stake in Alamos Gold during the 1st quarter valued at $35,000. Finally, Bayforest Capital Ltd bought a new stake in Alamos Gold during the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.