Analysts have raised their price targets for Alamos Gold on the back of higher gold price forecasts, expectations for gold equities to outperform amid strong sector fundamentals, and potential upside from copper exposure, resulting in the consensus price target increasing slightly from CA$51.61 to CA$52.38.
Analyst Commentary
- Bullish analysts cited rising gold price forecasts, with one setting a tactical gold price target of $3,800/oz in the next 6–12 months, as a key catalyst for Alamos Gold’s upside.
- Bullish analysts argue gold equities can outperform both the commodity price and the S&P 500 in the current macro environment.
- Highlighted opportunity for increased copper exposure due to under-ownership and supply stresses, supporting a bullish stance with incentive prices for copper estimated at $5.00/lb.
- Broad sector price target adjustments were made as models were updated to reflect Q2 spot commodity prices.
- Despite a minor price target reduction from one bearish analyst, the overall consensus remains positive due to the favorable outlook for precious and base metals.
What's in the News
- Alamos Gold added to FTSE All-World Index (USD).
- Nurol Holding is in talks to acquire Alamos Gold’s Turkish mines, potentially ending a $1 billion dispute with the Turkish government.
- Filed a technical report for the Base Case Life of Mine Plan at Island Gold District, Ontario.
- Repurchased 398,200 shares for $10 million, completing its announced buyback tranche.
- Q2 2025 gold production rose 10% sequentially to 137,200 ounces; full-year production guidance of 580,000–630,000 ounces reaffirmed.
Valuation Changes
Summary of Valuation Changes for Alamos Gold
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CA$51.61 to CA$52.38.
- The Future P/E for Alamos Gold has significantly risen from 23.87x to 33.19x.
- The Consensus Revenue Growth forecasts for Alamos Gold has fallen slightly from 16.3% per annum to 15.7% per annum.
Disclaimer
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