Scotiabank Has Weak Forecast for Alamos Gold FY2027 Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Investment analysts at Scotiabank decreased their FY2027 EPS estimates for shares of Alamos Gold in a report issued on Friday, April 10th. Scotiabank analyst O. Habib now anticipates that the company will earn $3.87 per share for the year, down from their previous forecast of $3.94. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share.

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

Several other research analysts have also weighed in on AGI. Stifel Nicolaus increased their price objective on shares of Alamos Gold from C$65.00 to C$80.00 in a report on Tuesday, February 10th. Desjardins increased their price objective on shares of Alamos Gold from C$70.00 to C$80.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Bank of America increased their price objective on shares of Alamos Gold from C$67.00 to C$78.50 in a report on Thursday, February 26th. Haywood Securities cut their price objective on shares of Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. Finally, National Bank Financial increased their target price on shares of Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and an average price target of C$74.67.

Alamos Gold Trading Down 0.8%

Shares of AGI stock opened at C$66.58 on Tuesday. The firm has a market cap of C$27.96 billion, a P/E ratio of 31.70, a PEG ratio of -2.10 and a beta of 1.77. Alamos Gold has a 1-year low of C$32.90 and a 1-year high of C$75.78. The company has a debt-to-equity ratio of 5.27, a current ratio of 1.72 and a quick ratio of 1.06. The firm’s 50-day simple moving average is C$62.89 and its 200-day simple moving average is C$54.91.

Alamos Gold Company Profile

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.