Scotiabank Brokers Boost Earnings Estimates for Alamos Gold

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Equities researchers at Scotiabank upped their FY2025 earnings estimates for Alamos Gold in a research report issued on Tuesday, October 28th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $2.12 for the year, up from their prior estimate of $1.85. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share. Scotiabank also issued estimates for Alamos Gold’s FY2026 earnings at $3.10 EPS.

A number of other equities research analysts have also recently commented on AGI. National Bankshares increased their price target on shares of Alamos Gold from C$56.00 to C$64.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Bank of America increased their price target on shares of Alamos Gold from C$55.00 to C$60.00 in a report on Thursday, October 16th. BMO Capital Markets increased their price target on shares of Alamos Gold from C$48.00 to C$51.00 in a report on Tuesday, September 16th. CIBC raised their target price on shares of Alamos Gold from C$55.00 to C$74.00 in a report on Friday, October 10th. Finally, Stifel Canada upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$57.86.

Alamos Gold Price Performance

Shares of TSE AGI opened at C$43.24 on Friday. The company has a 50 day simple moving average of C$45.40 and a two-hundred day simple moving average of C$39.59. Alamos Gold has a fifty-two week low of C$24.47 and a fifty-two week high of C$52.73. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The company has a market capitalization of C$18.18 billion, a price-to-earnings ratio of 52.73, a P/E/G ratio of -2.10 and a beta of 0.78.

Alamos Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, September 11th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. Alamos Gold’s dividend payout ratio is presently 12.20%.

Alamos Gold Company Profile

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.