$AGI

Alamos Gold Price Target Lowered to C$75 at CIBC

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)

Earnings Flash (AGI) Alamos Gold Inc. Posts Q2 Adjusted EPS $0.59 per Share, vs. FactSet Est of $0.53

Earnings Flash (AGI) Alamos Gold Inc. Reports Q2 Revenue $594.1M, vs. FactSet Est of $593.6M

Alamos Gold Price Target Lowered to $82 at CIBC

CIBC Capital Markets on Friday lowered its price target on Alamos Gold (AGI.TO, AGI) to C$82 from CD$90 after the company lowered guidance for second-quarter production from its Young-Davidson mine in Ontario.Analyst Cosmos Chiu maintained an Outperformer rating on shares of the gold producer."Alamos Gold disclosed that the Young-Davidson mine has been impacted by two seismic events in the past week, with one occurring at an active mining front," Chiu said in a note to clients."While no injuries were sustained, infrastructure was damaged limiting access to two higher stopes that had been scheduled to be mined in Q2," the analyst said.In a statement on Thursday, Alamos said it is revising lower its second quarter production guidance to between 130,000 and 135,000 ounces."While disappointing, Young-Davidson (~16% of corporate NAV5%) is no longer the key driver of value for the company with the emergence of the Island Gold District (~60% of corporate NAV5%)," Chiu said."Island Gold continues to perform well, and remains on track to achieve full-year guidance with significant growth for the remainder of the year," the analyst said.Chiu said his price target reduction reflects the short-term operational impact from Young-Davidson.(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)Price: $42.27, Change: $-9.13, Percent Change: -17.76%

Update: Alamos Gold Appoints James Clark as its Vice President of Canadian Operations

(Adds National Bank of Canada comment and updates shares.)Alamos Gold (AGI.TO, AGI) on Thursday said it appointed James Clark as its Vice President of Canadian Operations and announced other management changes.Clark has over 20 years of leadership experience and most recently was the Head of Mining, North America, at Barrick Mining (ABX.TO, B), the company said.As well, Marcelo Martinez is being promoted to Vice President of Mexico Operations and Scott Parsons will serve as Senior Vice President of Exploration. The company also promoted Adrian Paulse to the role of Senior Vice President of Information Technology.National Bank of Canada maintained its outperform rating and C$87.00 price target on the company and said that the update reflects "team and responsibility enhancements, adding new perspectives" as the company advances organic growth initiatives toward a step change in production before the end of the decade.Shares of the company were last seen down $0.71 to C$53.52 on the Toronto Stock Exchange.(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)Price: $53.52, Change: $-0.71, Percent Change: -1.31%

Alamos Gold Maintained at Buy at Stifel Canada Following Q1 Results; Price Target Kept at C$80.00

Stifel Canada on Thursday maintained its buy rating on the shares of Alamos Gold (AGI.TO, AGI) and its C$80.00 price target after the company reported first-quarter results."Alamos reported Q1/26 adjusted EPS of $0.55 vs. our $0.53 (in-line vs. consensus of $0.55) and adjusted EBITDA of $383.2Mln vs. our $401Mln (consensus $413Mln) on Q1/26 gold production of 123.9Koz (within the guidance range of 120-135Koz). Q1/26 cash cost of $1,230/oz and AISC of $1,862/oz were above the top end of H1/26 guidance ($1,200/z and $1,725/oz, respectively) as previously signaled by management with an expected decrease of ~5% QoQ and further improvements in H2/26. Q1/26 FCF of $101.7Mln implies FCF/GEO ex-WC of $1,260/GEO (+$130/GEO or +11.5% QoQ vs. +$722/oz or +17.4% increase in gold price). Alamos exits Q1/26 with $659.5Mln of cash (+$36Mln QoQ) and net cash of $459.5Mln after eliminating ~1/3 of legacy Argonaut hedges (15Koz at $1,821/oz) for $42.7Mln. FY26 guidance reaffirmed, including Q2/26 production +17-25% QoQ with all three operations contributing and stronger H2/26 gold production expected," analyst Ralph Profiti wrote.(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)Price: $54.36, Change: $-1.57, Percent Change: -2.81%

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

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%