Scotiabank Reduces Earnings Estimates for Alamos Gold

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Research analysts at Scotiabank cut their FY2026 earnings per share estimates for Alamos Gold in a research report issued to clients and investors on Wednesday, February 11th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $2.71 for the year, down from their previous forecast of $2.79. 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 $1.29 per share.

A number of other equities analysts have also 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. Jefferies Financial Group reaffirmed a “buy” rating and issued a $49.00 target price on shares of Alamos Gold in a report on Sunday, December 7th. Zacks Research lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Desjardins assumed coverage on Alamos Gold in a research report on Friday, November 28th. They issued a “buy” rating on the stock. Finally, Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $45.50.

Alamos Gold Price Performance

NYSE AGI opened at $45.36 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Alamos Gold has a 12 month low of $22.03 and a 12 month high of $46.66. The stock has a market cap of $19.05 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 0.43 and a beta of 0.61. The company’s 50 day moving average is $40.49 and its two-hundred day moving average is $34.93.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, December 4th. Alamos Gold’s dividend payout ratio is 7.81%.

Institutional Investors Weigh In On Alamos Gold

Several large investors have recently made changes to their positions in AGI. Atlantic Union Bankshares Corp purchased a new position in Alamos Gold during the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC boosted its position in shares of Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 251 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Alamos Gold by 44.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 222 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Alamos Gold in the third quarter worth $35,000. Finally, Bayforest Capital Ltd bought a new stake in Alamos Gold in the fourth quarter worth $44,000. 64.33% of the stock is owned by institutional investors.

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.