Scotiabank Issues Negative Estimate for Alamos Gold Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Investment analysts at Scotiabank reduced their FY2027 earnings estimates for shares of Alamos Gold in a research report issued to clients and investors on Friday, April 10th. Scotiabank analyst O. Habib now expects that the company will post earnings of $3.87 per share for the year, down from their prior estimate of $3.94. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share.

Other equities analysts also recently issued research reports about the stock. Canadian Imperial Bank of Commerce upped their price objective on shares of Alamos Gold from C$80.00 to C$90.00 in a research report on Thursday, February 26th. National Bank Financial lifted their target price on shares of Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Stifel Nicolaus lifted their target price on shares of Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday, February 10th. Haywood Securities cut their target price on shares of Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. Finally, TD Securities lifted their target price on shares of Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$74.67.

Alamos Gold Trading Up 0.8%

Shares of Alamos Gold stock opened at C$67.14 on Tuesday. The company has a fifty day simple moving average of C$63.18 and a 200-day simple moving average of C$55.04. Alamos Gold has a 12-month low of C$32.90 and a 12-month high of C$75.78. The company has a current ratio of 1.72, a quick ratio of 1.06 and a debt-to-equity ratio of 5.27. The stock has a market cap of C$28.20 billion, a price-to-earnings ratio of 31.97, a PEG ratio of -2.10 and a beta of 1.77.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.74 EPS for the quarter. Alamos Gold had a net margin of 49.07% and a return on equity of 22.48%. The company had revenue of C$765.13 million during the quarter.

About Alamos Gold

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.