Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) – Equities researchers at Scotiabank dropped their FY2026 earnings per share estimates for Alamos Gold in a research report issued to clients and investors on Friday, September 25th. Scotiabank analyst O. Habib now forecasts that the basic materials company will earn $2.08 per share for the year, down from their prior estimate of $2.15. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $2.11 per share.
A number of other equities analysts have also recently commented on the stock. Bank of America dropped their price target on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Jefferies Financial Group cut their target price on Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Finally, Weiss Ratings downgraded Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.
Alamos Gold Trading Up 1.0%
AGI stock opened at $33.06 on Monday. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.04. Alamos Gold has a twelve month low of $27.05 and a twelve month high of $55.41. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.44 and a beta of 0.61. The firm’s fifty day simple moving average is $34.02 and its two-hundred day simple moving average is $37.30.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The business had revenue of $594.10 million for the quarter, compared to the consensus estimate of $593.58 million. During the same quarter in the previous year, the company posted $0.34 EPS. The company’s revenue was up 35.6% compared to the same quarter last year.
Institutional Investors Weigh In On Alamos Gold
Several hedge funds have recently made changes to their positions in AGI. Clearstead Advisors LLC increased its holdings in shares of Alamos Gold by 62.7% in 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 period. Parallel Advisors LLC purchased a new stake in shares of Alamos Gold during the 1st quarter worth $35,000. Sunbelt Securities Inc. bought a new stake in Alamos Gold during the first quarter valued at about $59,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Alamos Gold by 73.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,497 shares of the basic materials company’s stock valued at $111,000 after buying an additional 1,056 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Alamos Gold in the 2nd quarter valued at about $192,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.
Alamos Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.16 annualized dividend and a yield of 0.5%. Alamos Gold’s dividend payout ratio is 5.78%.
About Alamos Gold
Alamos Gold Inc is a Canadian-based gold producer engaged in the acquisition, exploration, development and operation of gold mines. The company’s activities include mining, processing and selling gold, as well as advancing exploration and development projects in established mining regions.
Alamos Gold’s principal operations are located in Ontario, Canada, and include the Young-Davidson and Island Gold mines, along with the Magino mine. The company also operates the Mulatos mining district in Sonora, Mexico, which includes the Mulatos mine and related deposits and exploration properties.
Founded in 2003, Alamos Gold has expanded through mine development, exploration and acquisitions in North America.
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