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UPDATE: BMO Capital Upgrades Alamos Gold to Outpeform on Valuation, Cash Flows

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BMO Capital upgraded Alamos Gold (NYSE: AGI) from Market Perform to Outperform with a $21.00 price target.

BMO Capital noted, "Adjusted EPS missed expectations slightly due to higher-than-expected G&A and depreciation. However, operating metrics were pre-released and no changes have been made to the company's 2013 guidance. With forward operating expectations remaining intact, BMO Research views the slight earnings miss as neutral to the stock. … At current levels, Alamos is trading at a discount to its peers and has a return to target of 53%. Given Alamos' low cash cost profile and free cash flow generating ability, BMO Research expects the stock to trade at a premium to its peer group."

Alamos Gold closed at $13.40 on Thursday.

Latest Ratings for AGI

May 2014Credit SuisseMaintainsNeutral
Apr 2014Mackie ResearchUpgradeshold
Jan 2014RBC CapitalUpgradesSector PerformOutperform

View More Analyst Ratings for AGI
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Upgrades Analyst Ratings


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