RBC and Jefferies Raise Price Targets on Alamos Gold (AGI)

Core Viewpoint - Alamos Gold Inc. (NYSE:AGI) is recognized as one of the best gold mining companies to invest in, with recent price target increases from RBC Capital and Jefferies indicating strong market confidence in the company and the gold mining sector overall [1][2]. Group 1: Price Target Increases - RBC Capital raised its price target on Alamos Gold from $44 to $50 while maintaining a Buy rating [1]. - Jefferies increased its price target from $39 to $49, also keeping a Buy rating, reflecting a positive outlook for gold mining companies heading into 2026 [2]. Group 2: Industry Outlook - Jefferies believes that gold mining companies are entering a strong environment for growth, with expectations of margin increases and more free cash flow generation in 2026, despite a neutral view on gold prices [2]. - The industry is described as "extremely healthy," characterized by strong balance sheets, solid margins, and increasing dividends and buybacks [3]. Group 3: Future Expectations - Looking ahead to 2026, Jefferies anticipates modest cost pressures, potential adjustments in reserve grades, and increased merger and acquisition activity as cash levels rise [4]. - Alamos Gold is viewed as a catch-up opportunity within the mid-cap gold mining sector, noted for having the highest quality portfolio among its peers [4].