11 Best Mining Stocks to Buy According to Wall Street

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6. Alamos Gold Inc. (NYSE:AGI)

Potential upside: 19.14%

Number of Hedge Fund Holders: 35

On February 9, 2026, Bank of America raised its price target on Alamos Gold Inc. (NYSE:AGI) to $48 from $47 and maintained a Buy rating. The firm said the adjustment followed refinements to its model after Alamos’ investor update, reflecting updated assumptions around production growth and cost trajectories tied to the company’s development plans.

Earlier analyst commentary built off the same set of disclosures. On February 6, 2026, Scotiabank raised its price target on Alamos Gold to $60 from $55 and reiterated an Outperform rating. The firm said it came away positive on the quality of the asset base and the visibility of growth, noting that the stock offers a degree of defensiveness amid volatility in the precious metals market. That view followed Alamos’ February 4, 2026, update, where the company reaffirmed a path toward roughly one million ounces of annual production by 2030, driven by the Island Gold District expansion and the startup of Lynn Lake. While 2026 production guidance was trimmed, management continues to expect output to rise 13% in 2027 and 15% in 2028, delivering 46% cumulative growth by 2028 versus 2025 levels as costs decline in the back half of 2026.

Alamos Gold Inc. (NYSE:AGI) operates as a gold producer in Canada, Mexico, and the United States. The company primarily explores for gold deposits. Alamos Gold Inc. was founded in 2003 and is based in Toronto, Canada.

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