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Alamos Gold Price Target Lowered to C$75 at CIBC

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CIBC Capital Markets lowered its price target on Alamos Gold (AGI.TO, AGI) to C$75 from C$82.

Analyst Cosmos Chiu maintained an Outperformer rating on shares of the Canadian-based diversified gold producer following its Q2 results.

"We would not consider this the highest quality earnings beat, with earnings positively impacted by a reduction to share-based compensation stemming from a decrease in the AGI share price," Chiu said in a note to clients.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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