Scotiabank raised the firm’s price target on Alamos Gold (AGI) to $33 from $25 and keeps an Outperform rating on the shares. The firm has a positive outlook on the Gold & Precious Minerals sector, the analyst tells investors. The firm expects consolidation to continue into 2025, with heightened marketing & acquisition activity enabling companies to optimize their asset portfolios.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AGI:
- Alamos Gold call volume above normal and directionally bullish
- Alamos Gold price target lowered to $30.50 from $31 at BofA
- Alamos Gold price target raised to $30 from $27 at RBC Capital
- Alamos Gold Sells Quartz Mountain Project for $21 Million and Equity Stake
- Alamos Gold price target raised to C$48 from C$46 at National Bank