BofA Raises Alamos Gold Target to $57, Dividend Up 60%
BofA lifted its price target on Alamos Gold to $57 from $48 after revising 2026 metal price forecasts and maintained its Buy rating. Alamos Gold boosted its quarterly dividend by 60% to $0.04 per share and forecasts 46% production growth by 2028 with output reaching one million ounces by 2030.
1. Price Target Revision
Bank of America increased its price target on Alamos Gold from $48 to $57 and maintained a Buy rating, reflecting higher 2026 metal price forecasts and updated market assumptions.
2. Dividend Increase
Alamos Gold approved a 60% raise in its quarterly dividend to $0.04 per share, payable on March 26, 2026, to shareholders of record as of March 12, 2026.
3. Three-Year Production Guidance
The company updated its 2026–2028 production outlook, trimming 2026 guidance slightly due to lower Canadian output, while forecasting 13% growth in 2027 and 15% growth in 2028.
4. Long-Term Growth Plan
Alamos aims to reach one million ounces of annual gold production by 2030 through Island Gold shaft expansion and Lynn Lake startup, targeting 46% production growth and 20% lower AISC by 2028.