Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - Analysts at Scotiabank dropped their FY2026 EPS estimates for shares of Alamos Gold in a report released on Wednesday, March 19th. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings of $1.06 per share for the year, down from their prior estimate of $1.12. The consensus estimate for Alamos Gold's current full-year earnings is $1.29 per share.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%.
A number of other analysts also recently commented on AGI. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada upped their price target on Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $26.06.
Get Our Latest Research Report on AGI
Alamos Gold Price Performance
NYSE AGI traded up $0.86 on Monday, reaching $26.69. The company's stock had a trading volume of 2,816,479 shares, compared to its average volume of 2,341,276. Alamos Gold has a twelve month low of $13.64 and a twelve month high of $26.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The firm's 50 day moving average is $22.85 and its two-hundred day moving average is $20.62. The stock has a market cap of $11.22 billion, a PE ratio of 38.67, a PEG ratio of 0.40 and a beta of 1.15.
Alamos Gold Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.
Hedge Funds Weigh In On Alamos Gold
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGI. Old West Investment Management LLC grew its stake in Alamos Gold by 11.0% during the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company's stock valued at $9,689,000 after acquiring an additional 48,128 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after buying an additional 2,867,027 shares during the last quarter. Canoe Financial LP bought a new position in Alamos Gold during the fourth quarter valued at approximately $4,066,000. National Bank of Canada FI lifted its stake in Alamos Gold by 18.4% in the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company's stock valued at $30,492,000 after acquiring an additional 237,278 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Alamos Gold by 11.1% in the third quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock worth $6,224,000 after acquiring an additional 29,933 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.
About Alamos Gold
(
Get Free Report)
Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.
Featured Stories
Before you consider Alamos Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alamos Gold wasn't on the list.
While Alamos Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
