Alamos Gold (AGI) Position Maintained by Jefferies in 2026 Metals and Mining Preview

Alamos Gold Inc. (NYSE:AGI) is one of the best Reddit stocks to invest in right now. On December 7, Jefferies analyst Fahad Tariq raised the firm’s price target on Alamos Gold to $49 from $44 and maintained a Buy rating on the shares. This decision was made as part of the firm’s 2026 preview for the metals and mining group.

While remaining favorable toward attractively valued gold equities, the firm has tempered its view on copper stocks due to rising valuations ahead of next year. Tariq expects gold miners to deliver strong margin expansion and increased free cash flow by 2026. If gold prices stay elevated, investor interest is likely to move from valuation to growth opportunities.

Earlier in its Q3 2025 earnings report, Alamos Gold recorded a record revenue of $462 million and a record free cash flow of $130 million in Q3, marking a 54% increase from Q2. Net earnings for the quarter were $276 million, or $0.66 per share, with adjusted net earnings at $156 million, or $0.37 per share. The average realized gold price for the ~136,500 ounces of gold sold in Q3 was $3,359 per ounce.

In terms of project development, the Phase 3 expansion at Island Gold is progressing well and is expected to be completed in H2 2026. However, the Lynn Lake project has been delayed due to forest fires in northern Manitoba, pushing initial production to early 2029 (a shift from mid-2028), and the project’s capital expenditure estimates are expected to increase by ~15% due to inflation over the past 3 years.

Alamos Gold Inc. (NYSE:AGI) operates as 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.