Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) – Investment analysts at Scotiabank raised their FY2026 earnings estimates for shares of Alamos Gold in a research report issued on Tuesday, July 15th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $1.38 for the year, up from their previous estimate of $1.34. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $1.29 per share.
A number of other brokerages have also recently issued reports on AGI. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Royal Bank Of Canada boosted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Bank of America decreased their target price on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Stifel Canada raised shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, CIBC reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $30.38.
Alamos Gold Stock Down 2.0%
NYSE AGI opened at $24.86 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. Alamos Gold has a 1-year low of $15.74 and a 1-year high of $31.00. The company has a 50 day moving average of $26.24 and a 200-day moving average of $24.83. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 0.55 and a beta of 0.54.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The company’s revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share.
Alamos Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.40%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.13%.
Institutional Investors Weigh In On Alamos Gold
A number of institutional investors and hedge funds have recently made changes to their positions in AGI. Banque Transatlantique SA acquired a new stake in shares of Alamos Gold in the 1st quarter worth about $31,000. Sunbelt Securities Inc. purchased a new stake in Alamos Gold in the 1st quarter valued at about $41,000. SBI Securities Co. Ltd. increased its stake in Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock valued at $44,000 after buying an additional 660 shares during the last quarter. SVB Wealth LLC purchased a new stake in Alamos Gold in the 1st quarter valued at about $67,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Alamos Gold in the 1st quarter valued at about $68,000. Institutional investors and hedge funds own 64.33% of the company’s stock.
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.
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