National Bank Raises Alamos Gold (AGI) PT to C$53.50 Following Record Q2 Revenue, Production

Alamos Gold Inc. (NYSE:AGI) is one of the most undervalued Canadian stocks to buy now. On August 5, National Bank raised the firm’s price target on Alamos Gold to C$53.50 from C$51, while keeping an Outperform rating on the shares. Prior to this sentiment, Alamos Gold announced record revenue and strong production for the second quarter of 2025.

The company produced 137,000 ounces of gold, which was a 10% sequential increase. The performance was supported by a record $438 million in revenue. The company also saw improvement in its cost profile, with all-in sustaining costs decreasing by 18% sequentially.

The Island Gold District produced 64,400 ounces, a 9% increase, while Young-Davidson and the Mulatos District also saw increases of 9% and 12%, respectively, producing 38,700 ounces and 34,100 ounces. Alamos Gold is confident that its Island Gold District will become one of the largest and most profitable gold mines in Canada, with an expected annual free cash flow exceeding $1 billion after the completion of the Phase 3-plus expansion.

Alamos Gold Inc. (NYSE:AGI) is a gold producer in Canada, Mexico, and the US. The company primarily explores for gold deposits.

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