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根据第一季度业绩，Stifel Canada维持对Alamos Gold的“买入”评级；目标价维持在80.00加元。

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-- 周四，在Alamos Gold（AGI.TO，AGI）公布第一季度业绩后，Stifel Canada维持对该公司股票的“买入”评级和80.00加元的目标价。 Alamos公布2026年第一季度调整后每股收益为0.55美元，高于我们此前预测的0.53美元（与市场普遍预期0.55美元基本一致）；调整后EBITDA为3.832亿美元，高于我们此前预测的4.01亿美元（市场普遍预期4.13亿美元）；第一季度黄金产量为12.39万盎司（符合此前12万至13.5万盎司的指导范围）。2026年第一季度现金成本为每盎司1230美元，全部维持成本为每盎司1862美元，均高于此前指导的上限（分别为每盎司1200美元和1725美元），正如管理层此前所言，预计环比下降约5%，并在2026年下半年进一步改善。2026年第一季度自由现金流为1.017亿美元，这意味着扣除营运资本后的每黄金当量自由现金流为每黄金当量1260美元（+130美元/黄金当量）。 （环比增长11.5%，而金价上涨722美元/盎司或涨幅达17.4%）。阿拉莫斯公司2026财年第一季度末现金余额为6.595亿美元（环比增长3600万美元），净现金为4.595亿美元。此前，该公司以4270万美元的价格清偿了约三分之一的Argonaut遗留对冲合约（1.5万盎司，单价1821美元/盎司）。分析师拉尔夫·普罗菲蒂写道：“公司重申2026财年业绩指引，预计2026财年第二季度产量将环比增长17-25%，所有三个矿区均将有所贡献，并预计2026财年下半年黄金产量将更加强劲。” （报道北美、亚洲和欧洲主要银行及研究机构的股票、大宗商品和经济研究。研究机构可通过以下链接联系我们：https://www..com/contact-us）

Price: $54.36, Change: $-1.57, Percent Change: -2.81%

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