Bank of America Raises its Price Target on Alamos Gold Inc. (AGI) to $48 and Maintains a Buy Rating

Jeff Lewis

Thu, February 12, 2026 at 8:22 AM GMT+9 2 min read

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Alamos Gold Inc. (NYSE:AGI) is included among the 11 Best Mining Stocks to Buy According to Wall Street.

Bank of America Raises its Price Target on Alamos Gold Inc. (AGI) to $48 and Maintains a Buy Rating

On February 9, 2026, Bank of America raised its price target on Alamos Gold Inc. (NYSE:AGI) to $48 from $47 and maintained a Buy rating. The firm said the adjustment followed refinements to its model after Alamos’ investor update, reflecting updated assumptions around production growth and cost trajectories tied to the company’s development plans.

Earlier analyst commentary built off the same set of disclosures. On February 6, 2026, Scotiabank raised its price target on Alamos Gold Inc. (NYSE:AGI) to $60 from $55 and reiterated an Outperform rating. The firm said it came away positive on the quality of the asset base and the visibility of growth, noting that the stock offers a degree of defensiveness amid volatility in the precious metals market. That view followed Alamos’ February 4, 2026, update, where the company reaffirmed a path toward roughly one million ounces of annual production by 2030, driven by the Island Gold District expansion and the startup of Lynn Lake. While 2026 production guidance was trimmed, management continues to expect output to rise 13% in 2027 and 15% in 2028, delivering 46% cumulative growth by 2028 versus 2025 levels as costs decline in the back half of 2026.

Alamos Gold Inc. (NYSE:AGI) operates as a gold producer in Canada, Mexico, and the United States. The company primarily explores for gold deposits. Alamos Gold Inc. was founded in 2003 and is based in Toronto, Canada.

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READ NEXT:  11 Best Mining Stocks to Buy According to Wall Street and 10 Most Profitable Undervalued Stocks to Buy

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