Scotiabank Has Positive View of Alamos Gold FY2027 Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Investment analysts at Scotiabank raised their FY2027 EPS estimates for Alamos Gold in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will earn $3.96 per share for the year, up from their prior estimate of $3.87. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share.

A number of other research analysts also recently weighed in on AGI. Canaccord Genuity Group raised their price objective on Alamos Gold from C$72.00 to C$80.00 in a research note on Wednesday, April 8th. TD upped their target price on Alamos Gold from C$70.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, National Bank Financial lowered their price target on Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and a consensus price target of C$76.20.

Alamos Gold Stock Performance

AGI opened at C$39.59 on Friday. The company has a market cap of C$16.63 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of -2.10 and a beta of 1.89. The stock has a 50-day moving average of C$49.15 and a 200-day moving average of C$56.58. Alamos Gold has a 52-week low of C$33.11 and a 52-week high of C$75.78. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.05 and a current ratio of 1.74.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Wednesday, April 29th. The company reported C$0.76 earnings per share for the quarter. Alamos Gold had a return on equity of 25.24% and a net margin of 51.42%.The company had revenue of C$829.59 million for 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.