Scotiabank Issues Positive Outlook for Alamos Gold Earnings

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Investment analysts at Scotiabank raised their FY2026 earnings estimates for shares of Alamos Gold in a report released on Wednesday, July 15th. Scotiabank analyst O. Habib now anticipates that the basic materials company will earn $2.20 per share for the year, up from their prior forecast of $1.96. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $2.17 per share. Scotiabank also issued estimates for Alamos Gold’s FY2027 earnings at $2.82 EPS.

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

Several other research firms have also recently weighed in on AGI. Bank of America dropped their price objective on Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wall Street Zen downgraded Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings lowered Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Finally, Jefferies Financial Group reduced their price objective on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Alamos Gold Stock Down 0.4%

NYSE AGI opened at $28.15 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. The stock has a market capitalization of $11.78 billion, a PE ratio of 11.22, a PEG ratio of 0.37 and a beta of 0.55. Alamos Gold has a 1 year low of $23.92 and a 1 year high of $55.41. The business’s 50-day moving average is $34.95 and its 200 day moving average is $40.97.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s dividend payout ratio is currently 6.37%.

Hedge Funds Weigh In On Alamos Gold

Several large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $219,475,000. Massachusetts Financial Services Co. MA purchased a new position in Alamos Gold in the 4th quarter worth approximately $72,410,000. Bank of America Corp DE raised its holdings in Alamos Gold by 137.3% in the 3rd quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock worth $91,492,000 after acquiring an additional 1,518,374 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in 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 in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in 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 in the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

About Alamos Gold

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.