Scotiabank Has Negative View of Alamos Gold FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS estimate for Alamos Gold to $2.08 from $2.15, below the $2.11 consensus forecast, while maintaining an “Outperform” rating.
• Analyst sentiment remains generally positive: seven analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and a $47.50 price target.
• Alamos Gold recently exceeded quarterly earnings expectations, reporting $0.59 EPS versus $0.52 expected and 35.6% year-over-year revenue growth; institutional investors own 64.33% of the company.

Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - Investment analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for Alamos Gold in a report released on Friday, September 25th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $2.08 for the year, down from their prior forecast of $2.15. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Alamos Gold's current full-year earnings is $2.11 per share.

Several other equities research analysts have also recently weighed in on the company. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Alamos Gold in a research report on Saturday, June 20th. Weiss Ratings downgraded shares of Alamos Gold from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 23rd. Bank of America cut their price objective on shares of Alamos Gold from $50.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 target price on shares of Alamos Gold in a report on Wednesday, September 16th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Alamos Gold has an average rating of "Moderate Buy" and a consensus price target of $47.50.

Alamos Gold Stock Up 0.1%

Shares of NYSE AGI opened at $34.52 on Monday. Alamos Gold has a 52 week low of $27.05 and a 52 week high of $55.41. The business has a 50-day simple moving average of $33.86 and a two-hundred day simple moving average of $37.54. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.04. The company has a market cap of $14.45 billion, a P/E ratio of 12.46, a P/E/G ratio of 0.47 and a beta of 0.61.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $593.58 million. During the same period in the previous year, the business earned $0.34 earnings per share. The firm's quarterly revenue was up 35.6% compared to the same quarter last year.

Institutional Trading of Alamos Gold

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in Alamos Gold during the fourth quarter valued at about $219,475,000. The Manufacturers Life Insurance Company boosted its holdings 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 worth $183,963,000 after purchasing an additional 1,216,977 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Alamos Gold by 11.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company's stock worth $351,072,000 after purchasing an additional 964,317 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Alamos Gold by 74.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,809,382 shares of the basic materials company's stock valued at $69,806,000 after purchasing an additional 770,569 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Alamos Gold during the 4th quarter valued at about $21,219,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th 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 was Thursday, September 10th. Alamos Gold's payout ratio is presently 5.78%.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based gold producer engaged in the acquisition, exploration, development and operation of gold mines. The company produces gold doré and related by-products from its wholly owned mining operations in Canada and Mexico, and also maintains a portfolio of exploration and development projects.

Alamos Gold's principal Canadian assets are the Island Gold and Young-Davidson mines in Ontario, along with the Magino mine near Dubreuilville, Ontario. In Mexico, the company operates the Mulatos mining district in Sonora, which includes the La Yaqui Grande mine.

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