Scotiabank Issues Positive Outlook for Alamos Gold Earnings

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) – Research analysts at Scotiabank upped their FY2027 earnings per share (EPS) estimates for Alamos Gold in a research report issued 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 forecast of $3.87. The consensus estimate for Alamos Gold’s current full-year earnings is $1.48 per share.

AGI has been the subject of several other research reports. National Bank Financial decreased their target price on Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Canaccord Genuity Group boosted their target price on shares of Alamos Gold from C$72.00 to C$80.00 in a report on Wednesday, April 8th. Finally, TD lifted their price target 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. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Alamos Gold has an average rating of “Buy” and an average target price of C$76.20.

Alamos Gold Stock Down 2.7%

Shares of TSE AGI opened at C$39.69 on Friday. Alamos Gold has a 12 month low of C$33.11 and a 12 month high of C$75.78. The company has a current ratio of 1.74, a quick ratio of 1.05 and a debt-to-equity ratio of 4.77. The firm has a fifty day simple moving average of C$49.54 and a two-hundred day simple moving average of C$56.70. The firm has a market capitalization of C$16.67 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of -2.10 and a beta of 1.89.

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