Latest news with #AlamosGold
Globe and Mail
22-07-2025
- Business
- Globe and Mail
Scotiabank Remains a Buy on New Gold (NGD)
Scotiabank analyst Trevor Turnbull maintained a Buy rating on New Gold today and set a price target of C$5.50. The company's shares opened today at $4.41. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Turnbull covers the Basic Materials sector, focusing on stocks such as New Gold, Alamos Gold, and Centerra Gold. According to TipRanks, Turnbull has an average return of 2.7% and a 42.06% success rate on recommended stocks. New Gold has an analyst consensus of Strong Buy, with a price target consensus of $5.35, implying a 21.32% upside from current levels. In a report released on July 18, TR | OpenAI – 4o also upgraded the stock to a Buy with a C$6.50 price target. NGD market cap is currently $3.41B and has a P/E ratio of 25.53. Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NGD in relation to earlier this year.
CTV News
17-07-2025
- Business
- CTV News
$177K fine after flying rock from mine blast in northern Ont. breaks car windshield, injures passenger
The incident took place in May 2021 at the Magino Gold Project site, a gold mine on Goudreau Road in the Finan Unorganized Township in the District of Algoma. Alamos Gold Inc. and some contractors have been fined a combined $177,500 in connection with a stray piece of rock from a blast that hit a passing vehicle, injuring a passenger. The incident took place in May 2021 at the Magino Gold Project site, a gold mine on Goudreau Road in the Finan Unorganized Township in the District of Algoma. Argonaut Gold's Magino Project in northern Ontario Argonaut Gold's Magino Project in northern Ontario. (Supplied) At the time, the mine was owned by Prodigy Gold, a subsidiary of Argonaut Gold, which amalgamated with Alomos in January of this year. 'At the time, Prodigy Gold was redeveloping the Magino Mine using open pit mining methods to extract leftover gold deposits,' the Ministry of Environment, Conservation and Parks said in a news release. Road wasn't guarded Sigfusson Northern Ltd., a subcontractor, hired a company, Fraser Drill Blast, which detonated a blast May 14, 2021. 'At the time of the blast, a portion of Goudreau Road was not guarded,' the release said. 'As a result of the blast, a piece of fly rock struck a vehicle travelling on the road. The fly rock broke through the windshield of the vehicle and struck the passenger, resulting in a left forearm fracture.' An investigation revealed that the blast location had not been properly plotted. Alamos was fined $67,500, plus a victim surcharge of $16,875. Fraser Drill Blast Management was fined $50,000 plus a victim surcharge of $12,500. Sigfusson Northern Ltd. was fined $60,000, plus a victim surcharge of $15,000. Read the full release here.
CTV News
16-07-2025
- Business
- CTV News
Flying rock from mine blast in northern Ont. breaks car windshield, injures passenger
The incident took place in May 2021 at the Magino Gold Project site, a gold mine on Goudreau Road in the Finan Unorganized Township in the District of Algoma. Alamos Gold Inc. and some contractors have been fined a combined $177,500 in connection with a stray piece of rock from a blast that hit a passing vehicle, injuring a passenger. The incident took place in May 2021 at the Magino Gold Project site, a gold mine on Goudreau Road in the Finan Unorganized Township in the District of Algoma. Argonaut Gold's Magino Project in northern Ontario Argonaut Gold's Magino Project in northern Ontario. (Supplied) At the time, the mine was owned by Prodigy Gold, a subsidiary of Argonaut Gold, which amalgamated with Alomos in January of this year. 'At the time, Prodigy Gold was redeveloping the Magino Mine using open pit mining methods to extract leftover gold deposits,' the Ministry of Environment, Conservation and Parks said in a news release. Road wasn't guarded Sigfusson Northern Ltd., a subcontractor, hired a company, Fraser Drill Blast, which detonated a blast May 14, 2021. 'At the time of the blast, a portion of Goudreau Road was not guarded,' the release said. 'As a result of the blast, a piece of fly rock struck a vehicle travelling on the road. The fly rock broke through the windshield of the vehicle and struck the passenger, resulting in a left forearm fracture.' An investigation revealed that the blast location had not been properly plotted. Alamos was fined $67,500, plus a victim surcharge of $16,875. Fraser Drill Blast Management was fined $50,000 plus a victim surcharge of $12,500. Sigfusson Northern Ltd. was fined $60,000, plus a victim surcharge of $15,000. Read the full release here.
Business Insider
10-07-2025
- Business
- Business Insider
RBC Capital Keeps Their Buy Rating on Alamos Gold (AGI)
In a report released on July 7, Michael Siperco from RBC Capital maintained a Buy rating on Alamos Gold, with a price target of $34.00. The company's shares closed yesterday at $26.45. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Siperco covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Coeur Mining, and Wesdome Gold Mines. According to TipRanks, Siperco has an average return of 22.1% and a 64.71% success rate on recommended stocks. Alamos Gold has an analyst consensus of Strong Buy, with a price target consensus of $34.59, representing a 30.78% upside. In a report released yesterday, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a C$46.00 price target.
Yahoo
04-07-2025
- Business
- Yahoo
Alamos Gold (AGI) Shares Island Gold Mine's Low-Cost, Large-Scale Plan
Alamos Gold Inc. (NYSE:AGI) is one of the 10 Best Gold Stocks To Buy Right Now. On June 23, Alamos Gold Inc. (NYSE:AGI) shared the results of its Base Case Life of Mine Plan for the Island Gold District operation in Ontario, Canada. This plan combines Island Gold and Magino mines as one consolidated long-lasting operation. Alamos Gold Inc. (NYSE:AGI) expects this combined operation to become one of Canada's largest, lowest-cost, and most profitable gold mines. Aerial view of a gold mine with equipment mining the earth for resources. The Base Case Life of Mine Plan suggests that starting in 2026, the mine will produce an average of 411,000 ounces of gold annually for the first 12 years. This is a 43% increase from the mid-point of 2025 production guidance. This will mainly be supported by the completion of the Phase 3+ Expansion. Over the 20-year life of the mineral reserves, the mine is expected to produce an average of 306,000 ounces each year. The production may be increased significantly through further expansion and by converting more of the large mineral resources to mineral reserves through ongoing delineation drilling. Alamos Gold Inc. (NYSE:AGI) noted that an Expansion Study is expected to be released in Q4 2025. This will provide more details about the significant upside potential in the Island Gold District beyond what is included in the current plan. Alamos Gold Inc. (NYSE:AGI) is a Canadian multinational gold-producing company with operations in North America. While we acknowledge the potential of AGI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
