Scotiabank Issues Positive Forecast for Alamos Gold Earnings

Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - Investment analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for shares of Alamos Gold in a report issued on Tuesday, July 15th. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings of $1.38 per share for the year, up from their prior estimate of $1.34. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Alamos Gold's current full-year earnings is $1.29 per share.

AGI has been the subject of several other research reports. CIBC restated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They set a "buy" rating for the company. Bank of America reduced their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Royal Bank Of Canada increased their target price on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alamos Gold presently has a consensus rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Price Performance

AGI stock traded up $1.15 during trading hours on Friday, hitting $26.04. 1,415,019 shares of the stock traded hands, compared to its average volume of 2,965,257. The stock has a 50-day simple moving average of $26.24 and a 200 day simple moving average of $24.87. Alamos Gold has a one year low of $15.74 and a one year high of $31.00. The company has a market cap of $10.95 billion, a P/E ratio of 41.85, a P/E/G ratio of 0.55 and a beta of 0.54. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). The business had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The company's revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Alamos Gold by 296.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after acquiring an additional 5,516,186 shares during the period. Norges Bank purchased a new stake in Alamos Gold in the 4th quarter worth approximately $100,694,000. Raymond James Financial Inc. purchased a new position in Alamos Gold in the fourth quarter valued at about $28,950,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Alamos Gold by 17.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock worth $173,991,000 after purchasing an additional 1,424,550 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new stake in shares of Alamos Gold during the 1st quarter worth about $37,738,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were given a $0.025 dividend. The ex-dividend date was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

About Alamos Gold

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.