Alamos Gold Price Target Raised to $52.25 at National Bank of Canada

11:30 AM EDT, 06/26/2025 (MT Newswires) -- National Bank of Canada reiterated its outperform rating on the shares of Alamos Gold (AGI) while raising its price target to $52.25 from $51.75 after the company released a new life of mine plan for its Island Gold complex in Ontario.

National Bank recently attended a tour of Alamos's Island gold district. The bank said the project shows a world class resource with material upside and visibility for best-in-class operations, build quality and team upon execution of the base case mine plan.

National Bank also cited the project's Tier 1 jurisdiction that provides additional favorable differentiation.

"All vectors are pointing to a generational, best-in-class asset, however, of acute interest to us is the next 3 years with forecast 20% production CAGR and 57% FCF CAGR, and upon execution provides opportunity to drive valuation re-rate," the bank said.

Price: 35.79, Change: -0.05, Percent Change: -0.14

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