AGI
Alamos Gold Inc.
AGI's fundamentals are strong: revenue grew 46% and its operating margin rose 18 points to 57%. Its PE of 10x looks cheaper than it really is, because one-off gains boosted its recent earnings. Analysts expect strong earnings growth, though they disagree widely on how much.
AGI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AGI's revenue, profitability, cash flow and balance sheet are all currently strong.
AGI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 10x | $28.75 | — |
| Forward | 10x | $28.75 | — |
| Cheap | 21x | $58.40 | +103% |
| Fair | 31x | $86.85 | +202% |
| Expensive | 51x | $142 | +394% |
Historical ranges are pointers, not guarantees.
AGI's PE is in its cheap range at 10.4x, but its recent earnings include one-off gains. On analysts' estimates for next year's earnings, today's price would be 10.3x.
AGI Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for AGI, with profitability improving. However, they disagree widely on these estimates.
AGI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.80 | +1.6% |
| Q2 2026 | $2.76 | +233% |
| Q1 2026 | $2.51 | +305% |
| Q4 2025 | $2.10 | +209% |
| Q3 2025 | $1.28 | +117% |
| Q2 2025 | $0.83 | +69% |
| Q1 2025 | $0.62 | +22% |
| Q4 2024 | $0.68 | +28% |
| Q3 2024 | $0.59 | +16% |
AGI's earnings per share have climbed steadily: $2.76 over the past year, about three times what it earned the year before, and higher year over year for 17 quarters in a row. Its recent earnings include one-off gains.
AGI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $579M | +32% |
| Q1 2026 | $588.4M | +77% |
| Q4 2025 | $584.1M | +55% |
| Q3 2025 | $457.2M | +27% |
| Q2 2025 | $438.2M | +32% |
| Q1 2025 | $333M | +20% |
| Q4 2024 | $375.8M | +48% |
| Q3 2024 | $360.9M | +41% |
AGI's revenue has grown year over year for 16 quarters in a row: $579M last quarter, up 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 60% | +10 points |
| Q1 2026 | 57% | +50 points |
| Q4 2025 | 57% | +15 points |
| Q3 2025 | 51% | -0.1 points |
| Q2 2025 | 49% | +7.6 points |
| Q1 2025 | 7.7% | -20 points |
| Q4 2024 | 42% | +14 points |
| Q3 2024 | 51% | +19 points |
AGI's operating margin was 60% last quarter, up 10 points from the same quarter a year ago, near the top of its range since 2019.
AGI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $46.5M | -40% |
| Q1 2026 | $54.7M | +$76.8M |
| Q4 2025 | $88.5M | +93% |
| Q3 2025 | $125.8M | +114% |
| Q2 2025 | $77.7M | -27% |
| Q1 2025 | -$22.1M | -189% |
| Q4 2024 | $45.8M | +218% |
| Q3 2024 | $58.7M | +57% |
AGI generated $316M in free cash flow over the past year, up 97% from the year before.
AGI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -260K shares |
| 1 year | -0.3% | -1.3M shares |
| 3 years | +5.9% | +23.3M shares |
| 5 years | +7.3% | +28.8M shares |
| Available history | +6.9% | +27.2M shares |
AGI has 422M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $48.5M |
| Q1 2026 | — |
| Q4 2025 | $29.3M |
| Q3 2025 | $78,202 |
| Q2 2025 | $10M |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
AGI spent $78M buying back its own shares over the past year, about eight times what it spent the year before.
AGI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.2x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.3x | Net Cash |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
| Q3 2024 | 0.0x | Very low |
AGI has more cash than debt.
AGI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.3 | Neutral |
| Stochastic | 19.9 | Oversold |
AGI's weekly RSI is 41 (neutral) and its Stochastic is 20 (oversold).
AGI PE vs Basic Materials Sector
| Metric | AGI | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 19x | 44% below |
| PE % | 1 | 40 | 39 pts below |
AGI is trading at 10x earnings, a 44% discount to the Basic Materials sector's median of 19x, though its recent earnings include one-off gains.
AGI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $31.2 | 8% below |
| 20 week MA | $32.3 | 11% below |
| 50 week MA | $37.9 | 24% below |
| 100 week MA | $32.4 | 11% below |
| 200 week MA | $23.4 | 23% above |
AGI has fallen below most of its moving averages, though it's still 23% above its 200-week average.
AGI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.79 | $8.81 | +52% |
| 2021 | $8.81 | $7.53 | -15% |
| 2022 | $7.53 | $9.99 | +33% |
| 2023 | $9.99 | $13.5 | +35% |
| 2024 | $13.5 | $18.4 | +36% |
| 2025 | $18.4 | $40.8 | +122% |
| 2026 YTD | $40.8 | $28.8 | -29% |
AGI has finished higher in five of the last six years, two of them by more than 50%. It's down 29% so far in 2026.