Scotiabank Brokers Lift Earnings Estimates for Alamos Gold

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Stock analysts at Scotiabank boosted their FY2027 earnings per share estimates for shares of Alamos Gold in a research note issued to investors on Wednesday, April 1st. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $3.94 for the year, up from their prior forecast of $3.87. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share.

Several other equities research analysts also recently issued reports on the stock. Haywood Securities decreased their price objective on shares of Alamos Gold from C$77.50 to C$71.50 in a research note on Friday, February 6th. Canadian Imperial Bank of Commerce lifted their target price on shares of Alamos Gold from C$80.00 to C$90.00 in a report on Thursday, February 26th. National Bank Financial increased their price target on Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. TD Securities boosted their price objective on Alamos Gold from C$55.00 to C$66.00 in a research note on Thursday, January 22nd. Finally, Desjardins upped their target price on Alamos Gold from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$70.67.

Alamos Gold Trading Up 0.9%

TSE AGI opened at C$64.03 on Friday. Alamos Gold has a one year low of C$32.90 and a one year high of C$75.78. The company’s 50 day moving average price is C$61.63 and its 200 day moving average price is C$53.78. The company has a debt-to-equity ratio of 5.27, a quick ratio of 1.06 and a current ratio of 1.72. The firm has a market capitalization of C$26.89 billion, a price-to-earnings ratio of 30.49, a PEG ratio of -2.10 and a beta of 1.55.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Thursday, February 19th. The company reported C$0.74 earnings per share for the quarter. Alamos Gold had a return on equity of 22.48% and a net margin of 49.07%.The business had revenue of C$765.13 million for the quarter.

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.