Scotiabank Issues Negative Forecast for Alamos Gold Earnings

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Equities research analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for Alamos Gold in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Habib now anticipates that the basic materials company will earn $1.06 per share for the year, down from their previous forecast of $1.12. The consensus estimate for Alamos Gold’s current full-year earnings is $1.29 per share.

AGI has been the subject of a number of other research reports. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $26.06.

Alamos Gold Stock Performance

NYSE:AGI opened at $25.67 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold has a fifty-two week low of $13.53 and a fifty-two week high of $26.35. The company has a 50 day simple moving average of $22.59 and a two-hundred day simple moving average of $20.53. The company has a market capitalization of $10.79 billion, a PE ratio of 37.21, a P/E/G ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. Alamos Gold’s dividend payout ratio is 14.49%.

Hedge Funds Weigh In On Alamos Gold

Large investors have recently modified their holdings of the company. Old West Investment Management LLC increased its position in shares of Alamos Gold by 11.0% during the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after acquiring an additional 48,128 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Alamos Gold by 2.0% in the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after purchasing an additional 531 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Alamos Gold by 101.5% in the third quarter. Cerity Partners LLC now owns 23,173 shares of the basic materials company’s stock valued at $462,000 after purchasing an additional 11,674 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its position in shares of Alamos Gold by 4.6% during the third quarter. Pekin Hardy Strauss Inc. now owns 224,841 shares of the basic materials company’s stock valued at $4,486,000 after buying an additional 9,825 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Alamos Gold in the 3rd quarter valued at $1,486,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.