Scotiabank has increased its price target for Alamos Gold (AGI, Financial), revising it upward from $25 to $33. The bank maintains its Outperform rating on the stock, reflecting a strong confidence in its future performance.
The revision is part of a broader optimistic outlook on the Gold & Precious Minerals sector from Scotiabank. The firm anticipates ongoing consolidation in this industry through 2025. This period is expected to be characterized by intensified marketing efforts and acquisition activities, which are projected to help companies refine and enhance their asset portfolios.
These developments suggest strategic opportunities within the sector, as firms seek to capitalize on potential growth and efficiency improvements.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Alamos Gold Inc (AGI, Financial) is $26.95 with a high estimate of $31.24 and a low estimate of $19.17. The average target implies an downside of 8.41% from the current price of $29.43. More detailed estimate data can be found on the Alamos Gold Inc (AGI) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Alamos Gold Inc's (AGI, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alamos Gold Inc (AGI, Financial) in one year is $20.51, suggesting a downside of 30.31% from the current price of $29.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alamos Gold Inc (AGI) Summary page.
