Scotiabank Analysts Lower Earnings Estimates for Alamos Gold

Key Points

• Scotiabank trimmed its FY2026 EPS estimate for Alamos Gold slightly to $2.42 (from $2.43) while keeping a "Sector Outperform" rating and a $60.00 price target, versus a consensus full-year estimate of $2.50.
• Alamos recently beat quarterly EPS expectations ($0.54 vs. $0.49) with revenue up 53.1% year-over-year, strong net margin (48.97%) and ROE (14.83%), though revenue ($575.3M) missed analyst estimates.
• The company raised its quarterly dividend to $0.04 (annualized $0.16, ~0.4% yield) and has seen notable institutional buying—Goldman Sachs more than doubled its stake—with institutions owning about 64.33% of shares.

Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - Investment analysts at Scotiabank dropped their FY2026 EPS estimates for Alamos Gold in a research note issued to investors on Thursday, April 23rd. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings per share of $2.42 for the year, down from their previous estimate of $2.43. Scotiabank currently has a "Sector Outperform" rating and a $60.00 target price on the stock. The consensus estimate for Alamos Gold's current full-year earnings is $2.50 per share.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The business had revenue of $575.30 million during the quarter, compared to analyst estimates of $596.18 million. During the same quarter last year, the firm posted $0.25 earnings per share. The business's revenue for the quarter was up 53.1% compared to the same quarter last year.

Several other research analysts have also commented on the stock. Weiss Ratings lowered shares of Alamos Gold from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Thursday, April 2nd. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Wall Street Zen lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $50.67.

Alamos Gold Trading Up 0.0%

NYSE AGI opened at $45.18 on Monday. The firm has a 50 day simple moving average of $46.69 and a 200-day simple moving average of $40.54. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.00. Alamos Gold has a one year low of $23.75 and a one year high of $55.41. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 0.61 and a beta of 0.63.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AGI. Goldman Sachs Group Inc. lifted its stake in Alamos Gold by 105.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company's stock worth $64,032,000 after acquiring an additional 1,227,695 shares during the last quarter. Empowered Funds LLC purchased a new position in Alamos Gold in the first quarter worth approximately $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Alamos Gold by 129.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company's stock worth $27,111,000 after acquiring an additional 571,536 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Alamos Gold by 375.1% in the second quarter. Qube Research & Technologies Ltd now owns 980,474 shares of the basic materials company's stock worth $26,042,000 after acquiring an additional 774,111 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Alamos Gold by 6.9% in the second quarter. Sei Investments Co. now owns 403,217 shares of the basic materials company's stock worth $10,709,000 after acquiring an additional 26,045 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a $0.04 dividend. This is an increase from Alamos Gold's previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, March 12th. Alamos Gold's payout ratio is presently 7.62%.

Alamos Gold Company Profile

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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