Alamos Gold Falls After Operational Setback Forces Guidance Cut

Alamos Gold (AGI) is down 14.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The sharp drop appears tied mainly to Alamos Gold cutting its second-quarter production outlook and warning that full-year 2026 output will come in below the low end of prior guidance, with costs now expected to run above earlier targets. Investor sentiment was likely hurt further by the operational nature of the setback at Young-Davidson, while weaker gold prices in the broader market may have added pressure.

Details:

Alamos said recent seismic events at the Young-Davidson mine damaged infrastructure and limited access to two higher-grade stopes that had been scheduled for second-quarter mining.

The company also disclosed storm-related power outages in late May that caused three days of unplanned downtime, reducing mining rates and quarterly production.

Second-quarter production guidance was revised to 130,000 to 135,000 ounces, which the company described as a 12% reduction from its previous midpoint outlook, and second-quarter costs are now expected to be higher than previously guided.

Management said Young-Davidson mining rates are now expected to average about 5,000 tonnes per day for the rest of 2026, and the company plans to issue revised full-year production and cost guidance with second-quarter results in late July.

Sources:

Alamos Gold, SEC, MarketScreener

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$AGI Hedge Fund Activity

We have seen 256 institutional investors add shares of $AGI stock to their portfolio, and 229 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FIL LTD added 3,989,460 shares (+232.7%) to their portfolio in Q1 2026, for an estimated $174,538,875
FRANKLIN RESOURCES INC added 3,885,043 shares (+119.0%) to their portfolio in Q1 2026, for an estimated $169,970,631
VAN ECK ASSOCIATES CORP removed 3,553,737 shares (-8.7%) from their portfolio in Q1 2026, for an estimated $155,475,993
CIBC ASSET MANAGEMENT INC removed 2,444,549 shares (-28.0%) from their portfolio in Q1 2026, for an estimated $106,949,018
JANE STREET GROUP, LLC added 1,985,227 shares (+269.8%) to their portfolio in Q1 2026, for an estimated $86,853,681
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 1,921,212 shares (-21.1%) from their portfolio in Q1 2026, for an estimated $84,053,025
FMR LLC removed 1,918,677 shares (-14.2%) from their portfolio in Q1 2026, for an estimated $83,942,118

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$AGI Price Targets

Multiple analysts have issued price targets for $AGI recently. We have seen 2 analysts offer price targets for $AGI in the last 6 months, with a median target of $55.0.

Here are some recent targets:

Harmen Puri from B of A Securities set a target price of $50.0 on 06/22/2026
Ovais Habib from Scotiabank set a target price of $60.0 on 02/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.