Scotiabank Analysts Boost Earnings Estimates for Alamos Gold

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Equities researchers at Scotiabank upped their FY2027 earnings per share (EPS) estimates for shares of Alamos Gold in a report issued on Friday, September 25th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $3.86 per share for the year, up from their previous forecast of $3.84. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share.

Several other equities analysts have also issued reports on AGI. Canadian Imperial Bank of Commerce lowered their price target on Alamos Gold from C$82.00 to C$75.00 in a research note on Thursday, July 30th. National Bank Financial lifted their price objective on Alamos Gold from C$76.00 to C$81.00 and gave the stock an “outperform” rating in a report on Monday, September 21st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Alamos Gold has an average rating of “Buy” and an average target price of C$76.67.

Alamos Gold Stock Performance

TSE:AGI opened at C$46.07 on Tuesday. The firm’s 50-day moving average is C$47.48 and its 200-day moving average is C$51.62. The company has a market cap of C$19.29 billion, a price-to-earnings ratio of 16.51, a PEG ratio of -2.10 and a beta of 2.13. The company has a debt-to-equity ratio of 4.50, a quick ratio of 1.05 and a current ratio of 1.78. Alamos Gold has a 52-week low of C$38.03 and a 52-week high of C$75.78.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.84 earnings per share (EPS) for the quarter. Alamos Gold had a net margin of 52.85% and a return on equity of 26.10%. The business had revenue of C$844.09 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.