Scotiabank Issues Positive Outlook for Alamos Gold Earnings

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

Other research analysts also recently issued reports about the stock. TD upped their target price on shares of Alamos Gold from C$70.00 to C$78.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Canaccord Genuity Group lifted their price target on shares of Alamos Gold from C$72.00 to C$80.00 in a research report on Wednesday, April 8th. Finally, National Bank Financial dropped their price target on shares of Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Alamos Gold has an average rating of “Buy” and a consensus price target of C$76.20.

Alamos Gold Trading Down 0.3%

Shares of AGI opened at C$39.59 on Friday. The stock’s fifty day simple moving average is C$49.15 and its 200-day simple moving average is C$56.58. The company has a quick ratio of 1.05, a current ratio of 1.74 and a debt-to-equity ratio of 4.77. The firm has a market capitalization 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. Alamos Gold has a 12-month low of C$33.11 and a 12-month high of C$75.78.

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

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.