Analysts at Stifel have begun coverage of Alamos Gold (AGI, Financial), assigning a "Buy" rating alongside a target price of C$46. The firm has set a strategic forecast for gold prices, predicting they could rise to $3,800 per ounce within the next six to twelve months. Stifel suggests that gold stocks, including AGI, potentially present more significant investment opportunities compared to the broader S&P 500 index due to their expected higher performance.
Furthermore, the firm highlights copper as an undervalued asset, recommending increased investment in this sector. Stifel notes that current supply challenges make copper an attractive option, with the expected price to incentivize production pegged at $5.00 per pound.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Alamos Gold Inc (AGI, Financial) is $33.61 with a high estimate of $38.00 and a low estimate of $26.00. The average target implies an upside of 28.78% from the current price of $26.10. More detailed estimate data can be found on the Alamos Gold Inc (AGI) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Alamos Gold Inc's (AGI, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alamos Gold Inc (AGI, Financial) in one year is $23.77, suggesting a downside of 8.93% from the current price of $26.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alamos Gold Inc (AGI) Summary page.
