On July 9, Alamos Gold fell 6.83% in regular trading, trading at $28.49/share, with turnover of $103 million. The decline was primarily triggered by BofA Securities significantly lowering its price target on the stock to $39 from $50, a 22% reduction, while maintaining a Buy rating.

The downgrade adds to a series of recent target price cuts from major institutions. RBC previously reduced its target to $52 from $63, TD Securities lowered to $61 from $78, and CIBC cut to C$82 from C$90. The company's first-quarter adjusted EPS of $0.55 missed the analyst consensus estimate of $0.63 by 12.7%, further weighing on sentiment despite a year-over-year revenue increase to $596.7 million.

The broader gold mining sector saw significant selling pressure, with Coeur Mining down 6.2%, Agnico Eagle Mines down 5.0%, Barrick Mining down 4.35%, Pan American Silver down 4.71%, and Newmont Mining down 3.08%. Alamos Gold is scheduled to report second-quarter results on July 29, with consensus EPS estimated at $0.51.

(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.)