On June 10, Alamos Gold fell 5.35% in regular trading, trading at $33.855/share, with trading volume of $92.74 million. The stock has continued to slide following RBC Capital Markets' significant target price reduction and broad-based weakness across the gold mining sector.

On the news front, RBC Capital Markets recently slashed its target price on Alamos Gold from $63 to $52, a 17.5% reduction, while maintaining an outperform rating. The downgrade has exerted sustained pressure on market sentiment, with the stock accumulating substantial losses since the revision. Meanwhile, gold prices have retreated over $1,000/oz from their January high of $5,598.75/oz, now hovering near $4,500/oz, as five major international banks have cut their gold price forecasts. Deutsche Commerzbank lowered its year-end gold forecast to $4,800/oz, while Citibank projected near-term prices could reach $4,300/oz.

Within the Gold sector, the selloff is widespread. Among individual stocks, Newmont Mining down 3.01%, Barrick Mining down 3.27%, Coeur Mining down 5.71%, Agnico Eagle Mines down 3.37%, and Kinross down 4.76%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)