Alamos Gold price target raised to $18 from $16 at RBC Capital

RBC Capital analyst Michael Siperco raised the firm’s price target on Alamos Gold to $18 from $16 and keeps an Outperform rating on the shares. The firm has updated its AGI valuation and estimates assuming the successful close of the Argonaut acquisition, the analyst tells investors in a research note. RBC maintains its view that the transaction is strongly accretive, strategically sound, and adding to the forecasted organic growth across the portfolio over the next 4 years.