Scotiabank Analysts Lower Earnings Estimates for Alamos Gold

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Equities research analysts at Scotiabank cut their FY2025 EPS estimates for shares of Alamos Gold in a research report issued to clients and investors on Wednesday, February 11th. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings of $1.36 per share for the year, down from their previous estimate of $1.37. Scotiabank has a “Sector Outperform” rating and a $60.00 price target on the stock. The consensus estimate for Alamos Gold’s current full-year earnings is $1.29 per share.

Several other equities analysts also recently issued reports on the stock. Desjardins began coverage on shares of Alamos Gold in a research note on Friday, November 28th. They set a “buy” rating on the stock. Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. Finally, Bank of America increased their target price on Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and an average target price of $45.50.

Alamos Gold Price Performance

Alamos Gold stock opened at $42.31 on Friday. The stock has a market capitalization of $17.76 billion, a P/E ratio of 33.05, a P/E/G ratio of 0.44 and a beta of 0.61. Alamos Gold has a 12-month low of $22.03 and a 12-month high of $46.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33. The firm’s 50-day moving average is $40.11 and its two-hundred day moving average is $34.52.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new stake in Alamos Gold during the fourth quarter worth about $25,000. Clearstead Advisors LLC grew its holdings in shares of Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 251 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Alamos Gold during the 2nd quarter worth approximately $30,000. 1620 Investment Advisors Inc. acquired a new stake in Alamos Gold during the 3rd quarter worth approximately $35,000. Finally, Bayforest Capital Ltd purchased a new position in Alamos Gold in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, December 4th. Alamos Gold’s dividend payout ratio is presently 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.