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.

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.

While we acknowledge the potential of AGI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AGI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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