Stifel Canada on Thursday reiterated its buy rating on the shares of Alamos Gold (AGI.TO, AGI) and its C$65.00 price target after the company released an exploration update for its key projects.

"Drill success at Lynn Lake expected to drive reserve and resource growth potential and first drilling at Qiqavik intersects high-grade gold mineralization. Lynn Lake (Manitoba): Exploration drilling over the past year has extended mineralization beyond Mineral Reserves utilized in the 2025 Study at both Linkwood and BT and is in-line vs our LOM model of 36yrs vs 27yrs (2025 Study) with the deposit remaining open at depth and to the west. Qiqavik (Quebec): In its first drill program since acquiring the asset in 2024, Alamos intersected high-grade gold across multiple targets with 72% of holes reporting grades above 1.0g/t Au. The program confirmed bedrock sources for several high-grade surface boulder trends at the Avinngaq, Kuulti and focused targets," analyst Ralph Profiti wrote.

(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)

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