Scotiabank Brokers Reduce Earnings Estimates for Alamos Gold

Key Points

• Scotiabank cut its FY2026 EPS estimate for Alamos Gold from $2.42 to $2.16 while maintaining a "Sector Outperform" rating and a $60 price target, versus a consensus FY EPS of $2.50.
• Alamos reported quarterly EPS of $0.54, matching estimates, but revenue of $596.7M missed expectations even as revenue rose 79.2% year-over-year and the company posted a 51.24% net margin.
• The stock carries a consensus "Buy" rating with a $50.67 consensus price target, trades near $41.95 (market cap ~$17.6B), and the company recently raised its quarterly dividend to $0.04 (annualized $0.16; yield 0.4%).

Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - Equities research analysts at Scotiabank dropped their FY2026 earnings estimates for Alamos Gold in a research report issued on Wednesday, May 6th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $2.16 for the year, down from their previous estimate of $2.42. Scotiabank has a "Sector Outperform" rating and a $60.00 price target on the stock. The consensus estimate for Alamos Gold's current full-year earnings is $2.50 per share.

A number of other equities research analysts have also recently weighed in on AGI. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Wall Street Zen cut shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 1st. Finally, Weiss Ratings cut shares of Alamos Gold from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of "Buy" and a consensus price target of $50.67.

Alamos Gold Price Performance

Shares of AGI opened at $41.95 on Thursday. Alamos Gold has a 1-year low of $23.75 and a 1-year high of $55.41. The stock has a market cap of $17.62 billion, a PE ratio of 16.71, a P/E/G ratio of 0.49 and a beta of 0.50. The firm has a 50-day simple moving average of $46.11 and a two-hundred day simple moving average of $40.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.60.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm had revenue of $596.70 million during the quarter, compared to analysts' expectations of $612.35 million. During the same period last year, the business earned $0.14 earnings per share. Alamos Gold's revenue was up 79.2% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company's stock worth $1,587,666,000 after acquiring an additional 11,876,324 shares during the last quarter. Vanguard Group Inc. lifted its stake in Alamos Gold by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company's stock worth $678,291,000 after acquiring an additional 332,335 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Alamos Gold by 6.3% in the third quarter. Mackenzie Financial Corp now owns 9,547,541 shares of the basic materials company's stock worth $332,724,000 after acquiring an additional 567,926 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Alamos Gold by 11.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company's stock worth $351,072,000 after acquiring an additional 964,317 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Alamos Gold by 6.3% in the fourth quarter. CIBC Asset Management Inc now owns 8,716,153 shares of the basic materials company's stock worth $338,372,000 after acquiring an additional 514,819 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Alamos Gold's previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Alamos Gold's payout ratio is 6.37%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.