Scotiabank Brokers Lower Earnings Estimates for Alamos Gold

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Stock analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for Alamos Gold in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $1.06 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) (TSE:AGI) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million.

A number of other brokerages have also recently commented on AGI. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $26.06.

Alamos Gold Price Performance

Alamos Gold stock opened at $25.67 on Monday. The business’s 50 day simple moving average is $22.59 and its 200 day simple moving average is $20.53. Alamos Gold has a 12 month low of $13.53 and a 12 month high of $26.35. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 0.40 and a beta of 1.15. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Institutional Trading of Alamos Gold

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Alamos Gold by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company’s stock worth $295,105,000 after buying an additional 279,280 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Alamos Gold by 17.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company’s stock valued at $173,991,000 after acquiring an additional 1,424,550 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of 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 purchasing an additional 2,867,027 shares during the last quarter. Renaissance Technologies LLC raised its stake in Alamos Gold by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company’s stock valued at $138,932,000 after purchasing an additional 318,360 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Alamos Gold by 296.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock valued at $136,011,000 after purchasing an additional 5,516,186 shares during the last quarter. 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 will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.39%. Alamos Gold’s dividend payout ratio is currently 14.49%.

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.