Scotiabank Issues Negative Forecast for Alamos Gold Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Research analysts at Scotiabank cut their FY2025 EPS estimates for Alamos Gold in a research note issued on Friday, January 30th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $1.85 per share for the year, down from their previous forecast of $1.91. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Wednesday, October 29th. The company reported C$0.65 earnings per share for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%.The firm had revenue of C$643.72 million for the quarter.

A number of other equities research analysts also recently weighed in on AGI. National Bankshares raised their price target on shares of Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Stifel Nicolaus raised their target price on shares of Alamos Gold from C$48.00 to C$65.00 in a research report on Monday, October 20th. CIBC boosted their target price on shares of Alamos Gold from C$55.00 to C$74.00 in a research note on Friday, October 10th. Bank of America increased their price target on Alamos Gold from C$55.00 to C$60.00 in a research note on Thursday, October 16th. Finally, TD Securities raised their price objective on Alamos Gold from C$55.00 to C$66.00 in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat.com, Alamos Gold presently has a consensus rating of “Buy” and a consensus price target of C$62.38.

Alamos Gold Stock Performance

TSE:AGI opened at C$50.46 on Monday. Alamos Gold has a twelve month low of C$30.35 and a twelve month high of C$61.83. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The stock’s 50-day simple moving average is C$54.12 and its 200 day simple moving average is C$46.62. The firm has a market capitalization of C$21.18 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of -2.10 and a beta of 0.90.

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.