Latest news with #AlamosGold
Winnipeg Free Press
6 days ago
- Business
- Winnipeg Free Press
Mines hit with production stoppages, reductions in face of wildfires
Production and exploration at some Manitoba mines has ground to a halt as staff evacuate and wildfires rage. Hudbay Minerals paused operations at its gold and zinc mine at Snow Lake, it told investors on Wednesday. The underground mine has a daily mill capacity of 5,300 tonnes. Most employees have left the area; the Town of Snow Lake was issued a precautionary evacuation notice on Tuesday. Essential Hudbay staff have remained to assist with emergency activities, the company said, adding the workers have been authorized by emergency services. WAYNE GLOWACKI/WINNIPEG FREE PRESS FILES Some mining sites in the Snow Lake area have evacuated workers because of raging wildfires. '(Hudbay) believes its infrastructure and facilities in Snow Lake and Flin Flon are well-protected from the wildfires and have a low risk of being damaged,' a note to investors reads. It had reduced production levels as fires spread near Flin Flon. Hudbay sites have natural fire barriers, a spokeswoman said without elaborating. Hudbay said it's tabbed $1 million in direct financial support for its employees forced to evacuate. The money is meant to cover costs incurred as staff find places to live. Hudbay has also deployed firefighters and is creating a community relief donation fund where it'll double the amount donated by its staff; the company has other mines in British Columbia and Peru. It doesn't expect the stoppage to have any material impact on its annual production targets, spokeswoman Sara Pearson wrote in a statement. Meanwhile, Alamos Gold told the Northern Miner it's paused operations at its Lynn Lake gold project. The Toronto-based company broke ground on the mine in March. The Town of Lynn Lake was given evacuation orders on May 27. The Tanco mine, one of Canada's two lithium mines, was temporarily shuttered last month. It resides near the Whiteshell Provincial Park; most of its employees live in Lac du Bonnet and Pinawa. Neither Alamos Gold nor the Sinomine Resource Group, who owns the Tanco mine, were available for comment by print deadline. Canadian Gold Corp. has suspended exploration of its gold mine project near Tartan Lake, which is close to a wildfire threatening Flin Flon. Roughly 10 people — a drill crew, geologists and assistants — have been transported to Winnipeg, Swan River and Saskatchewan, Canadian Gold's president said. The company has been drilling in the area since 2021. There's a bridge to access its site and a machine shop used for geological work. Company president Michael Swistun doesn't know whether the infrastructure remains. Fires appeared to be close by, he said. 'As unfortunate as it is to have a loss, it can always be replaced,' he added. 'Nothing is more paramount than life. The fact (that) everybody has got out safely and is safe and sound is really the priority.' Swistun expressed gratitude to firefighters and the province of Manitoba for their efforts. In Bissett, junior explorer 1911 Gold has halted operations of its True North complex. The site includes a 1,300 tonnes per day processing plant and a gold deposit. Monday Mornings The latest local business news and a lookahead to the coming week. All 1911 Gold personnel have been safely relocated, the company said in a news release. True North camp facilities were open to front-line responders; an evacuation order came down on Bissett last week. Callinex Mines, which has a project near Flin Flon, hasn't been affected by current wildfires. However, it was severely impacted by fire last year, the company said. Staff are working on a Newfoundland site. 'Our hearts and thoughts and prayers are with everyone that are actively fighting the fires right now,' said John Morris, co-director of the Mining Association of Manitoba Inc. Not all mines have been affected by fires and evacuations, he added: 'We're just hoping for rain and hoping that the situation can be under control as soon as possible.' Gabrielle PichéReporter Gabrielle Piché reports on business for the Free Press. She interned at the Free Press and worked for its sister outlet, Canstar Community News, before entering the business beat in 2021. Read more about Gabrielle. Every piece of reporting Gabrielle produces is reviewed by an editing team before it is posted online or published in print — part of the Free Press's tradition, since 1872, of producing reliable independent journalism. Read more about Free Press's history and mandate, and learn how our newsroom operates. Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber. Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
Yahoo
25-05-2025
- Business
- Yahoo
Alamos Gold Inc.'s (TSE:AGI) high institutional ownership speaks for itself as stock continues to impress, up 5.2% over last week
Significantly high institutional ownership implies Alamos Gold's stock price is sensitive to their trading actions A total of 25 investors have a majority stake in the company with 47% ownership Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Every investor in Alamos Gold Inc. (TSE:AGI) should be aware of the most powerful shareholder groups. We can see that institutions own the lion's share in the company with 70% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. And as as result, institutional investors reaped the most rewards after the company's stock price gained 5.2% last week. The one-year return on investment is currently 60% and last week's gain would have been more than welcomed. In the chart below, we zoom in on the different ownership groups of Alamos Gold. View our latest analysis for Alamos Gold Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors have a fair amount of stake in Alamos Gold. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Alamos Gold's earnings history below. Of course, the future is what really matters. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Alamos Gold is not owned by hedge funds. Our data shows that Van Eck Associates Corporation is the largest shareholder with 8.5% of shares outstanding. In comparison, the second and third largest shareholders hold about 3.9% and 3.9% of the stock. A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our information suggests that Alamos Gold Inc. insiders own under 1% of the company. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own CA$55m worth of shares (at current prices). It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Alamos Gold. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. While it is well worth considering the different groups that own a company, there are other factors that are even more important. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow, for free. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
Alamos Gold (TSE:AGI) Strong Profits May Be Masking Some Underlying Issues
The stock price didn't jump after Alamos Gold Inc. (TSE:AGI) posted decent earnings last week. Our analysis showed that there are some concerning factors in the earnings that investors may be cautious of. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. As it happens, Alamos Gold issued 5.7% more new shares over the last year. Therefore, each share now receives a smaller portion of profit. Per share metrics like EPS help us understand how much actual shareholders are benefitting from the company's profits, while the net income level gives us a better view of the company's absolute size. You can see a chart of Alamos Gold's EPS by clicking here. Three years ago, Alamos Gold lost money. On the bright side, in the last twelve months it grew profit by 26%. But EPS was less impressive, up only 21% in that time. So you can see that the dilution has had a bit of an impact on shareholders. In the long term, earnings per share growth should beget share price growth. So it will certainly be a positive for shareholders if Alamos Gold can grow EPS persistently. But on the other hand, we'd be far less excited to learn profit (but not EPS) was improving. For that reason, you could say that EPS is more important that net income in the long run, assuming the goal is to assess whether a company's share price might grow. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Alamos Gold shareholders should keep in mind how many new shares it is issuing, because, dilution clearly has the power to severely impact shareholder returns. Therefore, it seems possible to us that Alamos Gold's true underlying earnings power is actually less than its statutory profit. But at least holders can take some solace from the 21% EPS growth in the last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. While it's really important to consider how well a company's statutory earnings represent its true earnings power, it's also worth taking a look at what analysts are forecasting for the future. So feel free to check out our free graph representing analyst forecasts. This note has only looked at a single factor that sheds light on the nature of Alamos Gold's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
30-04-2025
- Business
- Yahoo
Recent 4.4% pullback isn't enough to hurt long-term Alamos Gold (TSE:AGI) shareholders, they're still up 302% over 3 years
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But in contrast you can make much more than 100% if the company does well. To wit, the Alamos Gold Inc. (TSE:AGI) share price has flown 292% in the last three years. Most would be happy with that. On top of that, the share price is up 33% in about a quarter. Since the long term performance has been good but there's been a recent pullback of 4.4%, let's check if the fundamentals match the share price. We check all companies for important risks. See what we found for Alamos Gold in our free report. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During three years of share price growth, Alamos Gold moved from a loss to profitability. Given the importance of this milestone, it's not overly surprising that the share price has increased strongly. You can see below how EPS has changed over time (discover the exact values by clicking on the image). We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. Dive deeper into the earnings by checking this interactive graph of Alamos Gold's earnings, revenue and cash flow. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Alamos Gold the TSR over the last 3 years was 302%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return. We're pleased to report that Alamos Gold shareholders have received a total shareholder return of 92% over one year. That's including the dividend. That gain is better than the annual TSR over five years, which is 30%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. Most investors take the time to check the data on insider transactions. You can click here to see if insiders have been buying or selling. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
30-04-2025
- Business
- Yahoo
AGI Gears Up to Report Q1 Earnings: What's in Store for the Stock?
Alamos Gold AGI is expected to report an improvement in its bottom line when it reports first-quarter 2025 results on April 30, 2025, after market close. The Zacks Consensus Estimate for Alamos Gold's earnings has moved down 13.6% over the past 60 days to 19 cents per share. The figure indicates 46% growth from the year-ago quarter. Image Source: Zacks Investment Research In the trailing four quarters, Alamos Gold's earnings matched the Zacks Consensus Estimate in one quarter, beat the mark in two quarters and missed in one quarter. The company has an average earnings surprise of 7.93%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Image Source: Zacks Investment Research Alamos Gold's production grew 7% to 567,000 ounces in 2024, marking a record for the second consecutive year. This growth was attributed to strong performances across its operations and reflected the inclusion of the Magino mine after the acquisition of Argonaut Gold Inc. For 2025, gold production is projected to range between 580,000 and 630,000 ounces, representing a 7% year-over-year increase at the midpoint. This will be aided by the ramp-up of production at Island Gold and a full year of operations at Magino. Several optimization initiatives were implemented at the Magino mill, which required downtime during the second half of 2024. This included replacing the secondary crusher during the third quarter of 2024 and replacing the primary crusher in the fourth quarter. These improvements are expected to have supported higher throughput rates going forward. Mill throughput is expected to reach approximately 11,200 tons per day by the end of the first quarter of 2025. Once this is achieved, the Island Gold mill will be shut down and ore from the mine will be trucked and processed through the larger and more cost-effective Magino mill. We expect the company to provide the details in the first-quarter 2025 results. For the first quarter, AGI projected production to be between 125,000 and 140,000 ounces. In the year-ago quarter, the company had produced 135,700 ounces of gold and sold 132,849 ounces (at an average realized gold price of $2,069 per ounce). We expect the company's production and sales volumes in the first quarter of 2025 to be higher than first-quarter 2024 figures. In the January-March 2025 period, gold prices averaged around $2,883.40 per ounce, marking a 39% increase from the prior-year quarter. Geopolitical tension, tensions over the escalating trade war and solid demand from central banks have boosted gold prices. Prices had crossed the $3,000 per ounce threshold during the quarter. For the first quarter of 2025, the company expects total cash costs and all-in sustaining costs (AISC) costs to be higher compared with the year-ago quarter, and decline thereafter. Alamos Gold reported total cash costs of $910 per ounce, AISC of $1,265 per ounce and cost of sales of $1,307 per Alamos Gold's earnings in the first quarter are expected to have benefited from increased sales volumes and higher gold prices, partially offset by elevated costs. Subsequent to the end of the first quarter, Alamos Gold announced that it had entered into a binding agreement to sell its non-core Quartz Mountain Gold Project located in Lake County, OR, to Q-Gold Resources Ltd. for total consideration of up to $21 million and a 9.9% equity interest in the latter. The transaction, expected to close in the second quarter of 2025, is in sync with Alamos Gold's strategy of monetizing non-core assets as it focuses on portfolio of high-return growth projects, including the Phase 3+ Expansion at Island Gold, Lynn Lake and PDA. Our proven model does not conclusively predict an earnings beat for Alamos Gold this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat but that is not the case here. Earnings ESP: The Earnings ESP for AGI is 0.00%. You can uncover the best stocks before they are reported with our Earnings ESP Filter. Zacks Rank: Alamos Gold currently has a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank stocks here. Shares of Alamos Gold have appreciated 81.1% in a year compared with the industry's 41.3% growth. Image Source: Zacks Investment Research Here are some basic material companies, which according to our model, have the right combination of elements to post an earnings beat this quarter: CF Industries Holdings, Inc. CF, scheduled to release earnings on May 7, has an Earnings ESP of +3.67% and a Zacks Rank of 3. The consensus estimate for CF Industries' earnings for the first quarter of 2025 is pegged at $1.47 per share, indicating year-over-year growth of 42.7%. CF Industries has a trailing four-quarter average earnings surprise of 18.1%. Kinross Gold Corporation KGC, scheduled to release first-quarter earnings on May 6, has an Earnings ESP of +11.07% and a Zacks Rank of 3. The Zacks Consensus Estimate for Kinross Gold's earnings for the first quarter of 2025 is pegged at 22 cents per share, indicating a surge of 120% from the year-ago quarter's actual. Kinross Gold has a trailing four-quarter average earnings surprise of 23.7%. Methanex Corporation MEOH, scheduled to release first-quarter earnings on April 30, has an Earnings ESP of +4.74%. The Zacks Consensus Estimate for Methanex's earnings for the first quarter of 2025 is pegged at $1.25 per share, indicating a surge of 92.3% from the year-ago quarter's reported figure. MEOH currently has a Zacks Rank of 3. Methanex has a trailing four-quarter average earnings surprise of 85.2%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Methanex Corporation (MEOH) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
