Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) – Stock analysts at Scotiabank reduced their FY2026 earnings per share estimates for shares of Alamos Gold in a report issued on Wednesday, March 19th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings of $1.06 per share for the year, down from their previous estimate of $1.12. The consensus estimate for Alamos Gold’s current full-year earnings is $1.29 per share.
AGI has been the subject of several other reports. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $26.06.
Alamos Gold Stock Down 0.1 %
Alamos Gold stock opened at $26.06 on Monday. Alamos Gold has a fifty-two week low of $13.53 and a fifty-two week high of $26.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The company has a market capitalization of $10.95 billion, a P/E ratio of 37.76, a PEG ratio of 0.40 and a beta of 1.15. The stock has a 50-day simple moving average of $22.46 and a 200-day simple moving average of $20.48.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million.
Hedge Funds Weigh In On Alamos Gold
Several institutional investors and hedge funds have recently added to or reduced their stakes in AGI. Dimensional Fund Advisors LP increased its position in Alamos Gold by 296.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock worth $136,011,000 after purchasing an additional 5,516,186 shares during the period. Norges Bank acquired a new position in Alamos Gold during the 4th quarter worth approximately $100,694,000. CIBC Asset Management Inc increased its position in Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the period. FMR LLC increased its position in Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after purchasing an additional 2,148,153 shares during the period. Finally, Addenda Capital Inc. acquired a new position in Alamos Gold during the 4th quarter worth approximately $34,869,000. Institutional investors and hedge funds own 64.33% of the company’s stock.
Alamos Gold Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s payout ratio is 14.49%.
About Alamos Gold
Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.
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