Scotiabank Issues Negative Outlook for Alamos Gold Earnings

Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI - Research analysts at Scotiabank lowered their FY2026 EPS estimates for shares of Alamos Gold in a report released on Wednesday, March 19th. Scotiabank analyst O. Habib now forecasts that the basic materials company will post earnings per share of $1.06 for the year, down from their previous estimate of $1.12. The consensus estimate for Alamos Gold's current full-year earnings is $1.29 per share.

Several other equities analysts have also issued reports on the stock. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada boosted their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $26.06.

Alamos Gold Trading Down 1.5 %

Shares of AGI stock traded down $0.39 on Monday, reaching $25.82. The company had a trading volume of 2,268,897 shares, compared to its average volume of 2,339,210. The stock has a market cap of $10.85 billion, a PE ratio of 37.41, a PEG ratio of 0.40 and a beta of 1.15. The company has a 50-day moving average of $22.72 and a 200-day moving average of $20.59. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. Alamos Gold has a 12 month low of $13.64 and a 12 month high of $26.50.

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Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. Alamos Gold's dividend payout ratio is presently 14.49%.

Institutional Trading of Alamos Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGI. Blue Trust Inc. increased its stake in shares of Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after purchasing an additional 856 shares during the period. R Squared Ltd bought a new position in Alamos Gold during the fourth quarter worth about $61,000. Cutler Capital Management LLC acquired a new position in Alamos Gold during the fourth quarter worth approximately $108,000. Finally, Daiwa Securities Group Inc. bought a new stake in Alamos Gold in the fourth quarter valued at approximately $136,000. 64.33% of the stock is owned by institutional investors.

About Alamos Gold

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.