RBC Capital Upgrades Alamos Gold to Outperform, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Michael Siperco has upgraded Alamos Gold (NYSE:AGI) from Sector Perform to Outperform and increased the price target from $12 to $16.
January 11, 2024 | 4:05 pm
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POSITIVE IMPACT
Alamos Gold's stock rating has been upgraded by RBC Capital from Sector Perform to Outperform, with a price target increase from $12 to $16.
The upgrade to Outperform suggests that RBC Capital sees positive momentum and potential in Alamos Gold's stock performance. The increase in price target to $16 indicates a higher expected valuation, which could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100