Alamos Gold Inc. (AGI:CA) (AGI)
Alamos Gold Inc. (AGI:CA) saw National Bank raise its 12 month target price to $75.00 from $68.00 while reiterating an “Outperform” rating on the stock, signaling increased confidence in the company’s near- to medium-term outlook. The valuation increase reflects improved gold price assumptions, as bullion prices have strengthened amid heightened geopolitical uncertainty, easing inflation pressures, and sustained central bank demand.
In addition to a more supportive macro backdrop, analysts highlighted Alamos’s solid operational execution as a key driver of the upgrade. The company continues to benefit from disciplined cost control, reliable production performance across its asset base, and a strong balance sheet, which enhances its ability to generate free cash flow and fund growth initiatives without excessive financial risk.
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