Scotiabank Issues Positive Outlook for Alamos Gold Earnings

Key Points

• Scotiabank raised its FY2027 EPS estimate for Alamos Gold to $2.84 (from $2.80) and maintains a Sector Outperform rating with a $60 target, versus a consensus full‑year EPS of $2.50.
• Alamos reported quarterly EPS of $0.54, beating estimates of $0.49, with revenue up 53.1% year‑over‑year to $575.3 million (slightly below revenue forecasts) and strong profitability metrics including a 14.83% ROE and a 48.97% net margin.
• The company increased its quarterly dividend to $0.04 (annualized $0.16, ~0.4% yield), institutional investors hold about 64.33% of shares, and the stock recently traded around $43.52 within a 12‑month range of $23.75–$55.41.

Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - Scotiabank raised their FY2027 earnings per share (EPS) estimates for shares of Alamos Gold in a 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 $2.84 for the year, up from their prior forecast of $2.80. 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 announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.05. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The company had revenue of $575.30 million for the quarter, compared to analyst estimates of $596.18 million. During the same quarter last year, the firm posted $0.25 EPS. The firm's revenue for the quarter was up 53.1% on a year-over-year basis.

Other equities analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Weiss Ratings downgraded Alamos Gold from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Thursday, April 2nd. Finally, Wall Street Zen downgraded Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $50.67.

Alamos Gold Stock Down 3.6%

Shares of NYSE:AGI opened at $43.52 on Tuesday. The business has a 50-day moving average price of $46.66 and a 200 day moving average price of $40.62. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $18.28 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 0.61 and a beta of 0.63. Alamos Gold has a 12-month low of $23.75 and a 12-month high of $55.41.

Alamos Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders 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 dividend payout ratio (DPR) is presently 7.62%.

Institutional Investors Weigh In On Alamos Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGI. Vanguard Group Inc. raised its stake in shares of Alamos Gold by 3.1% during the third quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company's stock worth $600,712,000 after purchasing an additional 524,263 shares during the last quarter. Intact Investment Management Inc. raised its stake in shares of Alamos Gold by 3.8% during the third quarter. Intact Investment Management Inc. now owns 657,696 shares of the basic materials company's stock worth $22,928,000 after purchasing an additional 24,330 shares during the last quarter. Caldwell Investment Management Ltd. raised its stake in shares of Alamos Gold by 143.5% during the third quarter. Caldwell Investment Management Ltd. now owns 168,000 shares of the basic materials company's stock worth $5,818,000 after purchasing an additional 99,000 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Alamos Gold by 29.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,468,980 shares of the basic materials company's stock worth $51,192,000 after purchasing an additional 336,200 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of Alamos Gold by 2,652.7% during the third quarter. SBI Securities Co. Ltd. now owns 55,411 shares of the basic materials company's stock worth $1,932,000 after purchasing an additional 53,398 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

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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