BMO Capital Markets on Tuesday maintained its outperform rating on the shares of Alamos Gold (AGI.TO, AGI) and its C$44.00 price target following fourth-quarter production results from the company.
"Alamos Gold has reported in-line Q4/24 production of 140.2koz (BMOe 141.3koz), leading to full year gold production of 567koz, which met the mid-point of 2024 revised guidance (550-590koz). With these results, the company has released updated 3-year guidance, which demonstrates broadly in-line production with some increased near-term costs. Despite the elevated costs, we continue to see strong potential in the stock with the various near term catalysts and growth projects in progress. We maintain our Outperform rating and C$44.00 target price," analyst Brian Quast wrote.
(MT Newswires 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://www.mtnewswires.com/contact-us)
Price: 27.95, Change: +0.40, Percent Change: +1.45
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