11:19 AM EDT, 06/24/2025 (MT Newswires) -- Alamos Gold's ( AGI ) share ratings and price targets were maintained by RBC Capital Markets and National Bank of Canada after the company released highlights from its 2025 Base Case Island Gold District Technical Report.

RBC on Tuesday maintained Alamos' outperform rating and US$34.00 price target, noting the updated mine plan is better than its forecasts and consensus in the next three years and leaves ample opportunity for upside.

The study outlined an after-tax net present value of US$6.7 billion at a 5% discount rate and based on gold prices of US$3,300 per ounce, compared to RBC's estimate of US$8.4 billion.

According to RBC, Alamos trades at 0.88 time net asset value at spot gold, a 10% premium to intermediate peers and a 10% discount to senior producers.

"We see the stable production, strong track record of execution, organic growth, and exposure to Canadian production as justifying the current premium to peers," RBC said.

Meanwhile, National Bank of Canada maintained its outperform rating and $51.75 price target on Alamos shares.

The bank said the rating is based on Alamos having one of the best potential NAV per share growth profiles in the sector, which supports the potential to set new 52-week highs as EBITDA should continue to grow as more and more of the portfolio upside comes online.

Alamos also benefits from a portfolio heavily weighted to Canada, further supporting a premium valuation compared to its peers, the bank said.

Price: 35.18, Change: -1.56, Percent Change: -4.25