BofA Raises its Price Target on Alamos Gold Inc. (AGI) to $57 and Maintains a Buy Rating

Alamos Gold Inc. (NYSE:AGI) is among the 10 Must-Buy Mining Stocks to Invest In.

BofA Raises its Price Target on Alamos Gold Inc. (AGI) to $57 and Maintains a Buy Rating

On February 26, 2026, BofA raised the price target on Alamos Gold Inc. (NYSE:AGI) to $57 from $48 and maintained a Buy rating after updating forecasts for 2026 metal prices across its North American Metals & Mining coverage.

Earlier in February, Alamos Gold Inc. (NYSE:AGI) provided updated three-year production and operating guidance and outlined longer-term plans targeting approximately one million ounces of annual production by 2030 through the expansion of the Island Gold District and the start of production at Lynn Lake. CEO John A. McCluskey said recent operational performance was “not reflective of our long-term track record” but expects stronger results in 2026, particularly in the second half, as production ramps and costs decline following completion of the Island Gold shaft expansion.

McCluskey added the company expects 46% production growth by 2028 alongside nearly a 20% reduction in AISC, with further growth driven by the multi-phase Island Gold District expansion and the Lynn Lake startup. Production guidance for 2026 was lowered compared to January 2025 guidance due to slightly lower Canadian output, partially offset by increased production at the Mulatos District. Guidance for 2027 remains largely in line with prior expectations and implies a 13% increase from 2026, followed by a further 15% increase in 2028.

Alamos Gold Inc. (NYSE:AGI) operates as a gold producer in Canada and Mexico and primarily explores for gold deposits.

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