FY2025 EPS Estimates for Alamos Gold Decreased by Scotiabank

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Scotiabank lowered their FY2025 earnings estimates for Alamos Gold in a research note issued on Wednesday, February 11th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $1.36 for the year, down from their prior forecast 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.

A number of other research analysts have also weighed in on AGI. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. TD Securities reiterated a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Desjardins started coverage on shares of Alamos Gold in a research report on Friday, November 28th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold has an average rating of “Buy” and a consensus price target of $45.50.

Alamos Gold Stock Down 8.5%

AGI opened at $42.31 on Friday. 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 business has a 50 day simple moving average of $40.11 and a 200-day simple moving average of $34.52. 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.

Hedge Funds Weigh In On Alamos Gold

Hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in shares of Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock valued at $1,587,666,000 after purchasing an additional 11,876,324 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Alamos Gold by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock worth $678,291,000 after purchasing an additional 332,335 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Alamos Gold by 29.3% in the 2nd quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock valued at $296,623,000 after buying an additional 2,521,347 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Alamos Gold by 6.3% during the 3rd quarter. Mackenzie Financial Corp now owns 9,547,541 shares of the basic materials company’s stock valued at $332,724,000 after buying an additional 567,926 shares during the last quarter. Finally, Norges Bank acquired a new stake in Alamos Gold during the 4th quarter valued at $219,475,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $0.025 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. Alamos Gold’s payout ratio is currently 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.