BofA Raises its Price Target on Alamos Gold Inc. (AGI) to $57 and Maintains a Buy Rating

Alamos Gold Inc. (NYSE:AGI) is among the 15 Best Stocks to Buy and Hold for the Next 10 Years.

On February 26, 2026, BofA raised its price target on Alamos Gold Inc. (NYSE:AGI) to $57 from $48 and maintained a Buy rating. The firm said it is updating price targets across its North American Metals and Mining coverage following revised 2026 metal price forecasts.

On February 18, 2026, Alamos Gold increased its quarterly dividend by 60% to 4c per share, payable on March 26, 2026, to shareholders of record as of March 12, 2026.

Earlier in February, Alamos provided updated three-year production and operating guidance and outlined longer-term production of approximately one million ounces per year by 2030 through expansion of the Island Gold District and initial production from Lynn Lake. President and CEO John A. McCluskey said, “Our operational performance over the past year was not up to our standards,” but added that the company expects stronger performance in 2026 as production ramps and costs decline following completion of the Island Gold shaft expansion. McCluskey also said the company expects to deliver 46% production growth by 2028 and nearly 20% lower AISC, with production projected to reach one million ounces annually by 2030. Production guidance for 2026 was reduced versus prior guidance, with slightly lower Canadian output partially offset by higher production at the Mulatos District. Guidance for 2027 is largely in line with previous guidance and implies a 13% increase from 2026, followed by a further 15% increase in 2028.

Alamos Gold Inc. (NYSE:AGI) operates as a gold producer in Canada and Mexico, primarily focused on gold exploration and production.

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