Loading...
Loading...
In a report published Monday, Credit Suisse analyst Anita Soni reiterated a Neutral rating on
Alamos GoldAGI, and raised the price target from $13.00 to $14.00.
In the report, Credit Suisse noted, “On July 12th before market, Alamos (AGI) announced the friendly acquisition of Esperanza Resources (EPZ) We increase our TP to $14 on good deal value, removal of M&A overhang Deal is accretive to AGI, we roughly estimate $108M in LOM incremental cash flow at spot gold Project permitting does not appear to be an insurmountable challenge based on our preliminary assessment.”
Alamos Gold closed on Friday at $12.98.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in