FY2025 EPS Estimates for Alamos Gold Reduced by Scotiabank

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Analysts at Scotiabank reduced their FY2025 earnings per share estimates for Alamos Gold in a report released on Wednesday, February 11th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings of $1.36 per share for the year, down from their prior estimate of $1.37. Scotiabank has a “Sector Outperform” rating and a $60.00 price objective on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $1.29 per share.

AGI has been the topic of a number of other reports. TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Zacks Research lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a $49.00 price objective on shares of Alamos Gold in a research report on Sunday, December 7th. Finally, Weiss Ratings reissued a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $45.50.

Alamos Gold Trading Up 7.5%

Shares of AGI stock opened at $45.36 on Friday. The company’s 50-day moving average price is $40.29 and its 200-day moving average price is $34.66. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The stock has a market cap of $19.05 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 0.40 and a beta of 0.61. Alamos Gold has a twelve month low of $22.03 and a twelve month high of $46.66.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Calamos Wealth Management LLC purchased a new stake in Alamos Gold during the second quarter worth about $3,070,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Alamos Gold in the second quarter valued at approximately $1,502,000. PCJ Investment Counsel Ltd. grew its holdings in shares of Alamos Gold by 37.9% in the second quarter. PCJ Investment Counsel Ltd. now owns 85,740 shares of the basic materials company’s stock valued at $2,282,000 after purchasing an additional 23,560 shares in the last quarter. Caldwell Investment Management Ltd. increased its stake in Alamos Gold by 143.5% during the 3rd quarter. Caldwell Investment Management Ltd. now owns 168,000 shares of the basic materials company’s stock worth $5,818,000 after buying an additional 99,000 shares during the period. Finally, Intact Investment Management Inc. lifted its holdings in Alamos Gold by 3.8% during the 3rd quarter. Intact Investment Management Inc. now owns 657,696 shares of the basic materials company’s stock worth $22,928,000 after buying an additional 24,330 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, December 4th. Alamos Gold’s dividend payout ratio (DPR) is 7.81%.

About Alamos Gold

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.