In a report published Monday, Credit Suisse analyst Anita Soni reiterated a Neutral rating on Alamos Gold AGI, 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.
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