TD Securities lowered its price target on Alamos Gold (AGI.TO) to $61 from $78 on Monday.

Analyst Steven Green maintained a Buy rating on shares of the Canadian mining company.

On June 18, Alamos reduced its Q2 production guidance after saying seismic events damaged infrastructure at its Young-Davidson operation.

"The update is disappointing and follows a guidance miss in 2025, we believe it is now baked in the stock and Island is now ramping up," Green said in a note.

"The 19% decline in share price has reduced market cap by over $2.3 billion, which is ~75% of our YD NAV, so we believe this is more than baked in now," Green said.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 43.10, Change: +1.18, Percent Change: +2.81