National Bank Raised the Firm's PT on Alamos Gold (AGI), Kept an Outperform Rating

Alamos Gold Inc (NYSE:AGI) is one of the Best Performing Canadian Stocks So Far in 2025. On August 5, National Bank raised the firm’s price target on Alamos Gold Inc (NYSE:AGI) from C$51 to C$53.50, while maintaining an Outperform rating on the stock.

The rating follows the company’s second quarter 2025 results. Alamos Gold Inc (NYSE:AGI) reported robust results with production increasing 10% from the previous quarter and meeting company guidance. In addition to a production increase, the all-in sustaining cost also dropped by 18% leading to a record free cash flow generation of $85 million.

Management continues to expect further production growth in the second half of the year due to higher ore grades and increased milling rates.

Alamos Gold Inc. (NYSE:AGI) is a Canadian gold mining company that produces gold from three main mines in North America, including Island Gold and Young-Davidson in Ontario, Canada, and Mulatos in Mexico.

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