RBC Capital Remains a Buy on Alamos Gold (AGI)
In a report released on February 3, Josh Wolfson from RBC Capital maintained a Buy rating on Alamos Gold, with a price target of $48.00. The company’s shares closed yesterday at C$52.23.
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Wolfson covers the Basic Materials sector, focusing on stocks such as Gold Fields, Kinross Gold, and Anglogold Ashanti PLC. According to TipRanks, Wolfson has an average return of 24.4% and a 70.02% success rate on recommended stocks.
Alamos Gold has an analyst consensus of Strong Buy, with a price target consensus of $50.66, which is a -3.01% downside from current levels. In a report released yesterday, CIBC also maintained a Buy rating on the stock with a C$80.00 price target.
Based on Alamos Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$457.17 million and a net profit of C$273.24 million. In comparison, last year the company earned a revenue of C$360.9 million and had a net profit of C$84.5 million
Read More on AGI:
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- Alamos Gold price target raised to C$80 from C$74 at CIBC
- Alamos Gold maps 46% production lift by 2028 with Island Gold and Lynn Lake builds
- Alamos Gold expects to deliver 46% production growth by 2028
- Alamos Gold Plots Major Island Gold District Expansion to Create Low-Cost Canadian Giant
- Alamos Gold Extends High-Grade Mineralization at Island Gold and Cline-Pick, Signaling Further Reserve Growth
