RBC Capital Reiterates Buy Rating on Alamos Gold Stock, Maintains PT at $34

Alamos Gold Inc. (NYSE:AGI) is one of the Best Gold Mining Companies to Buy Now. On August 4, RBC Capital reiterated the Buy rating on Alamos Gold Inc. (NYSE:AGI) stock, maintaining the price target at $34.

Michael Siperco from RBC Capital retains his rating on AGI following record Q2 FY2025 results. Alamos Gold posted record revenue of $438 million, with an average realized gold price of $3,223 per ounce. The company achieved total gold production of 137,000 ounces during Q2, up by 10% from the previous quarter.RBC Capital Reiterates Buy Rating on Alamos Gold Stock, Maintains PT at $34

Drills extracting gold from a gold mine, revealing the company's gold mining operation.

Siperco remains optimistic on Alamos’ prospects as the company achieved an all-in sustaining cost reduction by 18% compared to Q1, with further cost relaxation expected. Moreover, the Island Gold District is expected to become one of the largest, low-cost, and most profitable gold mines in Canada. The company remains well on track to achieve its future production goals and minimize its costs.

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Alamos Gold Inc. (NYSE:AGI) is a gold miner and producer with operations in Canada, Mexico, and the U.S. The company primarily explores for gold deposits.

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Disclosure: None. This article is originally published at Insider Monkey.

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