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RBC Maintains Alamos Gold's Outperform Rating, US$63.00 Price Target, Following Q1 Results

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-- RBC Capital Markets reaffirmed its outperform rating on the shares of Alamos Gold (AGI.TO, AGI) and its US$63.00 price target after the company reported first-quarter results on Wednesday.

Alamos' adjusted earnings of US$0.55 per share in the first quarter missed RBC's projection of US$0.62 per share and the consensus estimate of US$0.58 per share, reflecting lower production/sales.

The company noted it is monitoring the impact of inflationary pressures, but that it expects to manage these pressures with productivity improvements, RBC said.

Price: $53.90, Change: $-2.03, Percent Change: -3.63%

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