$AGI

Exchange-Traded Funds, Equity Futures Down Pre-Bell Wednesday as Brent Crude Exceeds $100 a Barrel

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% lower in Wednesday's premarket activity as front-month North Sea Brent crude-oil futures exceeded $100 a barrel for the first time since July.US stock futures were mixed, with S&P 500 Index futures down 0.4%, Dow Jones Industrial Average futures slipping 0.6%, and Nasdaq futures losing 0.5% before the start of regular trading.Mortgage applications fell by 2.7% in the week ended Sept. 4 as a further increase in 30-year fixed mortgage rates depressed both refinancing activity and new home applications, according to Mortgage Bankers Association data released Wednesday.In premarket activity, bitcoin was up by 1.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.2% higher, Ether ETF (EETH) advanced 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.6%, the iShares US Technology ETF (IYW) was inactive, and the iShares Expanded Tech Sector ETF (IGM) was down 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was down 1.3%, while the iShares Semiconductor ETF (SOXX) dropped by 1.2%.Alphabet (GOOG, GOOGL) shares were down more than 2.2% in premarket activity after the company reported it will invest at least 13 billion euros ($15.10 billion) into AI infrastructure in Finland in 2027 through 2028.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%, the Vanguard Health Care Index Fund (VHT) was up 0.3%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) dropped by 0.2%.InnovAge Holding (INNV) stock was up more than 14% premarket after the company swung to fiscal Q4 earnings following stronger-than-expected revenue growth.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was inactive, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.8%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.5%.Amazon.com (AMZN) shares were down 1.6% pre-bell after the company launched its first sterling bond sale Wednesday, with a four-part offering expected to price later in the day, according to a Bloomberg report.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI), the Vanguard Industrials Index Fund (VIS) remained inactive, and the iShares US Industrials ETF (IYJ) were inactive.Alamos Gold (AGI) stock was up more than 1.4% before the opening bell after closing down 1.4% Tuesday.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.9%.TotalEnergies (TTE) stock was up more than 1.3% before market open after Bloomberg News reported that TotalEnergies-backed NEO Next+ is among potential suitors considering buying BP's (BP) North Sea operations, the news outlet quoted people familiar with the matter as saying.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% lower, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.9% higher.HSBC Holdings (HSBC) shares were down 1.2% in early-hours activity after the company reported it is shutting down its transaction services operations in Germany, leading to more than 300 job cuts, Reuters reported Wednesday, citing a company spokesperson.CommoditiesFront-month US West Texas Intermediate crude oil rose by 2.8% to $95.66 per barrel on the New York Mercantile Exchange. Natural gas was down 2% at $2.86 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1.8%, while the United States Natural Gas Fund (UNG) was 1.8% lower.Gold futures for November advanced by 0.1% to $4,446.10 an ounce on the Comex. Silver futures lost by 0.4% to reach $66.77 an ounce. SPDR Gold Shares (GLD) was up by 0.8%, and the iShares Silver Trust (SLV) rose by 0.6%.

Alamos Gold Declares Quarterly Dividend

Alamos Gold (AGI.TO, AGI) said Thursday its board declared a quarterly dividend of $0.04 per share.The dividend is payable on Sept. 24 to shareholders of record as of the close of business on Sept. 10.

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.

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.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.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.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%