Canada's Alamos Gold Q3 adjusted EPS misses estimates on lower Young-Davidson production
Overview
Canada gold miner's Q3 revenue rose 10% yr/yr but missed sole analyst estimate
Adjusted EPS for Q3 missed analyst expectations
Record Island Gold District output offset lower Young-Davidson production; annual guidance maintained
Outlook
Company expects Q4 gold production of 140,000-160,000 ounces, with lower costs
Alamos maintains full-year 2026 gold production guidance of 510,000-560,000 ounces
Result Drivers
ISLAND GOLD DISTRICT - Record production, mining and milling rates at Island Gold District offset lower output from Young-Davidson, per CEO John McCluskey
YOUNG-DAVIDSON OUTPUT - Lower mining rates and grades at Young-Davidson led to reduced production, as previously guided
COST INCREASES - All-in sustaining costs rose from prior quarter due to lower Young-Davidson production and higher sustaining capital at Island Gold District
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $510.40 mln | $520.54 mln (1 Analyst) |
Q3 Adjusted EPS | Miss | $0.44 | $0.58 (7 Analysts) |
Q3 Adjusted Net Income | Slight Miss* | $184 mln | $185.42 mln (1 Analyst) |
Q3 Net Income | $165.60 mln | ||
Q3 Basic EPS | $0.40 | ||
Q3 Free Cash Flow | $75.60 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Alamos Gold Inc. is C$66.00, about 51% above its October 27 closing price of C$43.71
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)