FY2026 EPS Estimates for Alamos Gold Lowered by Scotiabank

Key Points

• Scotiabank lowered its FY2026 EPS estimate for Alamos Gold to $2.15 from $2.20 but maintained an “Outperform” rating; it projects FY2027 EPS of $2.73.
• Analyst sentiment remains generally positive, with eight Buy ratings and two Holds, a “Moderate Buy” consensus rating, and an average price target of $47.50, despite recent price-target cuts and downgrades.
• Alamos Gold’s latest quarterly results exceeded expectations, with EPS of $0.59 versus $0.52 estimated and revenue of $594.1 million, up 35.6% year over year. Institutional investors own 64.33% of the company.

Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - Equities researchers at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for Alamos Gold in a note issued to investors on Tuesday, August 4th. Scotiabank analyst O. Habib now forecasts 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 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.

Several other analysts also recently issued reports on the stock. Royal Bank Of Canada decreased their price objective on shares of Alamos Gold from $52.00 to $42.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. Weiss Ratings downgraded Alamos Gold from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 23rd. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Alamos Gold in a research note on Saturday, June 20th. 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. Finally, Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $47.50.

Alamos Gold Stock Performance

Shares of NYSE:AGI opened at $31.14 on Friday. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 0.41 and a beta of 0.56. Alamos Gold has a 12 month low of $25.31 and a 12 month high of $55.41. The firm's 50-day moving average is $32.11 and its 200 day moving average is $39.95. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.04.

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

Institutional Trading of Alamos Gold

Several institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Alamos Gold during the 4th quarter valued at about $219,475,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Alamos Gold in the 4th quarter valued at about $72,410,000. Bank of America Corp DE lifted its position in shares of 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 purchasing an additional 1,518,374 shares during the period. Goldman Sachs Group Inc. lifted 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 worth $64,032,000 after purchasing an additional 1,227,695 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Alamos Gold by 41.6% during the first 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 purchasing an additional 1,216,977 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, June 11th. Alamos Gold's dividend payout ratio is currently 5.78%.

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.

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