Scotiabank Issues Negative Forecast for Alamos Gold Earnings

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Research analysts at Scotiabank dropped their FY2026 earnings estimates for Alamos Gold in a research report issued on Wednesday, February 11th. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings per share of $2.71 for the year, down from their previous estimate of $2.79. Scotiabank currently has a “Sector Outperform” rating and a $60.00 target price 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 several other research reports. Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Zacks Research cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $49.00 price objective on shares of Alamos Gold in a report on Sunday, December 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $45.50.

Alamos Gold Price Performance

NYSE:AGI opened at $45.36 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33. Alamos Gold has a one year low of $22.03 and a one year high of $46.66. The company has a fifty day moving average price of $40.29 and a 200 day moving average price of $34.78. The stock has a market cap of $19.05 billion, a P/E ratio of 35.44, a PEG ratio of 0.43 and a beta of 0.61.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.2%. Alamos Gold’s dividend payout ratio (DPR) is currently 7.81%.

Institutional Investors Weigh In On Alamos Gold

Several large investors have recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock valued at $1,587,666,000 after purchasing an additional 11,876,324 shares in the last quarter. Norges Bank acquired a new position in Alamos Gold during the 4th quarter worth $219,475,000. Geode Capital Management LLC boosted its position in Alamos Gold by 639.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock valued at $91,379,000 after buying an additional 2,923,478 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Alamos Gold by 29.3% in the 2nd quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock valued at $296,623,000 after buying an additional 2,521,347 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Alamos Gold by 32.3% during the second quarter. Mackenzie Financial Corp now owns 8,979,615 shares of the basic materials company’s stock worth $238,990,000 after acquiring an additional 2,192,593 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

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.