Scotiabank Issues Negative Forecast for Alamos Gold Earnings

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Equities research analysts at Scotiabank decreased their FY2026 earnings per share estimates for shares of Alamos Gold in a note issued to investors on Tuesday, August 4th. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings of $2.15 per share for the year, down from their previous estimate of $2.20. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $2.18 per share. Scotiabank also issued estimates for Alamos Gold’s FY2027 earnings at $2.73 EPS.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The company had revenue of $594.10 million for the quarter, compared to the consensus estimate of $593.58 million. During the same quarter last year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year.

Other analysts have also issued reports about the stock. Weiss Ratings lowered shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Jefferies Financial Group lowered their target price on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Finally, Royal Bank Of Canada cut their price target on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.50.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at $31.14 on Friday. The company has a market capitalization of $13.04 billion, a PE ratio of 11.24, a P/E/G ratio of 0.41 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.67 and a current ratio of 2.07. The company has a 50-day simple moving average of $32.11 and a two-hundred day simple moving average of $39.95. Alamos Gold has a one year low of $25.31 and a one year high of $55.41.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Alamos Gold in the fourth quarter worth $219,475,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Alamos Gold during the fourth quarter valued at $72,410,000. Bank of America Corp DE grew its holdings in shares of Alamos Gold by 137.3% during the third quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock valued at $91,492,000 after buying an additional 1,518,374 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Alamos Gold by 105.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after acquiring an additional 1,227,695 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Alamos Gold by 41.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,139,080 shares of the basic materials company’s stock valued at $183,963,000 after acquiring an additional 1,216,977 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Announces Dividend

The business 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 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s payout ratio is currently 5.78%.

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.