Alamos Gold

AGI · TORONTO

$29.94−$0.36 (−1.19%)TodayMarket closed · Oct 23, 7:56 PM ET

Prev close $30.30

AGI analyst rating

BuyConsensus of 4 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy4
Hold0
Underperform0
Sell0

12-month price target · 12 analysts

Average $47.70 (+59.3% upside)

Low: $36.68
Now: $29.94
High: $60.56

Upgrades and downgrades

The latest rating actions, newest first

AGI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Sep 16, 2026	Maintains	Outperform	$42.00	49%
RBC Capital	Jul 9, 2026	Maintains	Outperform	$52.00 → $42.00	49%
B of A Securities	Jul 9, 2026	Maintains	Buy	$50.00 → $39.00	33%
Jefferies	Jul 6, 2026	Maintains	Buy	$50.00 → $49.00	52%
B of A Securities	Jun 22, 2026	Maintains	Buy	$57.00 → $50.00	33%
Scotiabank	Feb 6, 2026	Maintains	Sector Outperform	$55.00 → $60.00	80%
Scotiabank	Jan 26, 2026	Maintains	Sector Outperform	$50.00 → $55.00	80%

The case for and against

Updated Jan 4, 2025

Bull case

Alamos Gold Inc is poised for growth as production increases following the successful completion of the La Yaqui Grande heap leach project, with FY24 guidance reflecting a 13% rise and anticipated production boosts of 22% and 21% in FY25 and FY26 attributed to the inclusion of the Magino Mine. Additionally, the company is expected to realize significant operating savings of approximately $375 million over the mine's lifespan, driven by lower processing costs and decreased general and administrative expenses. The combination of expanding production at several mines, alongside strategic operational efficiencies, supports a favorable outlook for Alamos Gold's financial performance in the coming years.

Bear case

Alamos Gold Inc. faces a negative outlook primarily due to anticipated increases in aggregate costs driven by higher production expenses at the Magino mine, which is expected to affect the company's overall cost structure. While there is a forecast for a decline in all-in sustaining costs (AISC) from $1,380/oz in 2024 to as low as $1,261/oz by 2027, this improvement is contingent upon successful expansions and is overshadowed by the immediate rising costs. Additionally, despite projections of long-term cost reductions post-2026, the short-term cost pressures could undermine profitability and operational efficiency in the coming years.

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