Alamos Gold shares surge 5.08% intraday after reporting extended high-grade gold mineralization at Island Gold and Cline-Pick deposits.
ByAinvest
Tuesday, Feb 3, 2026 11:44 am ET1min read
AGI--
Alamos Gold surged 5.08% intraday following reports of extended high-grade gold mineralization at its Island Gold and Cline-Pick deposits, including a record 178 g/t gold over 3.5 meters at Cline-Pick. These exploration results, coupled with a "Strong Buy" analyst consensus and a $50.42 price target (29.6% upside), reinforced investor confidence in the company’s resource potential and operational growth. The premarket rally, driven by the same mineralization news, carried through into intraday trading as bulls capitalized on upgraded technical and fundamental outlooks. Institutional buying activity and recent analyst upgrades further amplified momentum, aligning with the stock’s sharp intraday gains.
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