Scotiabank Maintains Sector Outperform on Alamos Gold, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Ovais Habib has maintained a Sector Outperform rating on Alamos Gold (NYSE:AGI) and raised the price target from $20 to $22.
August 19, 2024 | 3:44 pm
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Scotiabank has increased its price target for Alamos Gold from $20 to $22, maintaining a Sector Outperform rating. This suggests confidence in the company's future performance.
The increase in price target from $20 to $22 by Scotiabank indicates a positive outlook on Alamos Gold's future performance. The maintained Sector Outperform rating suggests that the analyst expects the stock to perform better than its peers, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100