Alamos Gold Inc. · AGI · FY2025 Q3 · Calendar Q4 2025
Alamos cuts 2025 production guidance after Q3 operating disruptions
Record cash generation and ongoing expansion plans support Alamos’ longer-term growth case, but the reduced production outlook underscores near-term operating execution risk.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Management lowered full-year production guidance by 6% after unplanned Magino mill downtime and a seismic event at Island Gold. The quarter also brought record revenue and $130 million in free cash flow, while the Turkish asset sale lifted cash above $600 million.
Guidance delta
Full-year production guidance was lowered 6%. Management discussed a strong Q4 production ramp, but the supplied analysis does not provide a revised full-year production range.
Key takeaways
- Production guidance was reduced after an equipment failure at Magino and a seismic event affected Island Gold operations.
- Record Q3 revenue and $130 million of free cash flow were reported despite the interruptions.
- The company said Magino throughput improvements, the Phase 3+ expansion and Lynn Lake remain central to its longer-term growth plans.
- Cash exceeded $600 million following the Turkish asset sale; management cited debt reduction and potential share repurchases.
Management priorities
- Restore and increase production at the Magino and Island Gold operations.
- Advance the Island Gold Phase 3+ expansion, with completion targeted for H2 2026 in the supplied analysis.
- Progress Lynn Lake development, with the project now targeting an early-2029 start.
- Continue exploration at Island Gold, Mulatos, Young-Davidson and Qiqavik.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Sep 16, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 9, 2026 |
| Jefferies | Buy | Buy | Maintain | Jul 6, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Feb 6, 2026 |
| Credit Suisse | Neutral | Outperform | Downgrade | Jan 16, 2020 |
| Desjardins | Buy | Hold | Upgrade | Jun 7, 2018 |
| Raymond James | Outperform | Market Perform | Upgrade | Jun 27, 2016 |
| Canaccord Genuity | Hold | Buy | Downgrade | May 3, 2016 |
| Scotia Howard Weil | Outperform | Sector Perform | Upgrade | Aug 11, 2015 |
| Mackie Research | Hold | Hold | Maintain | Apr 1, 2014 |
| Jacob Securities | Hold | Buy | Downgrade | Nov 1, 2013 |
| Macquarie | Neutral | Outperform | Downgrade | Jul 29, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $27.45. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Analyst unavailable | $42 | $29.68 | +53.0% | Jul 9, 2026 |
| Scotiabank | Ovais Habib | $60 | $39.62 | +118.6% | Feb 6, 2026 |
| Scotiabank | Ovais Habib | $55 | $44.36 | +100.4% | Jan 26, 2026 |
| Jefferies | Fahad Tariq | $49 | $36.08 | +78.5% | Dec 7, 2025 |
| Scotiabank | Analyst unavailable | $50 | $32.42 | +82.1% | Oct 23, 2025 |
| RBC Capital | Josh Wolfson | $18 | $14.76 | -34.4% | Apr 23, 2024 |
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Start freeCompany context
Snapshot as of publicationAlamos Gold Inc. operates as a gold producer in Canada and Mexico. It primarily explores for gold deposits. The company was founded in 2003 and is based in Toronto, Canada.
Historical context
All AGI earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| LYB LyondellBasell Industries N.V. | FY2026 Q3 · Calendar Q4 2026 | -1.2% | +5.0% | LyondellBasell Q3 Earnings: Strong Cash Flow, Cautious Outlook |
| VALE Vale S.A. | FY2026 Q3 · Calendar Q4 2026 | -24.6% | +1.9% | Vale balances cost resilience with iron-ore and copper execution risks |
| TECK Teck Resources Limited | FY2026 Q3 · Calendar Q4 2026 | +26.4% | +1.1% | Teck posts strong Q3 as copper growth offsets merger and labor risks |
Latest beats and misses
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Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T10:20:46.457511+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T10:20:46.454780+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.