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RBC Capital Reiterates Buy Rating on Alamos Gold Stock, Maintains PT at $34

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Alamos Gold Inc. (NYSE:AGI) is one of the Best Gold Mining Companies to Buy Now. On August 4, RBC Capital reiterated the Buy rating on Alamos Gold Inc. (NYSE:AGI) stock, maintaining the price target at $34.

Michael Siperco from RBC Capital retains his rating on AGI following record Q2 FY2025 results. Alamos Gold posted record revenue of $438 million, with an average realized gold price of $3,223 per ounce. The company achieved total gold production of 137,000 ounces during Q2, up by 10% from the previous quarter.

RBC Capital Reiterates Buy Rating on Alamos Gold Stock, Maintains PT at $34
RBC Capital Reiterates Buy Rating on Alamos Gold Stock, Maintains PT at $34

Drills extracting gold from a gold mine, revealing the company’s gold mining operation.

Siperco remains optimistic on Alamos’ prospects as the company achieved an all-in sustaining cost reduction by 18% compared to Q1, with further cost relaxation expected. Moreover, the Island Gold District is expected to become one of the largest, low-cost, and most profitable gold mines in Canada. The company remains well on track to achieve its future production goals and minimize its costs.

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Alamos Gold Inc. (NYSE:AGI) is a gold miner and producer with operations in Canada, Mexico, and the U.S. The company primarily explores for gold deposits.

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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

Hundreds of flights grounded as industrial action begins

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Watch: Moment Air Canada ends news conference after union activists disrupt event

Air Canada has suspended all its flights as a strike by cabin staff begins – a move the airline said will disrupt travel plans for around 130,000 passengers a day.

The union representing more than 10,000 Air Canada flight attendants confirmed the 72-hour industrial action early on Saturday morning.

The airline said it had suspended all flights, including those under its budget arm Air Canada Rouge, and advised affected customers not to travel to the airport unless flying with a different airline.

Air Canada’s flight attendants are calling for higher salaries and to be paid for work when aircraft are on the ground.

The strike took effect at 00:58 ET (04:58 GMT) on Saturday, though Air Canada began scaling back its operations before then. The airline says around 500 flights will be affected per day.

Flight attendants will picket at major Canadian airports, where passengers were already trying to secure new bookings earlier in the week.

Air Canada, which flies directly to 180 cities worldwide, said it had “suspended all operations” and that it was “strongly advising affected customers not to go to the airport”.

It added that Air Canada Jazz, PAL Airlines and Air Canada Express flights were unaffected by the strike.

“Air Canada deeply regrets the effect the strike is having on customers,” it said.

By Friday night, the airline said it had cancelled 623 flights affecting more than 100,000 passengers, as part of a winding down of operations ahead of the strike.

In contract negotiations, the airline said it had offered flight attendants a 38% increase in total compensation over four years, with a 25% raise in the first year.

CUPE said the offer was “below inflation, below market value, below minimum wage” and would still leave flight attendants unpaid for some hours of work, including boarding and waiting at airports ahead of flights.

The union and the airline have publicly traded barbs about each other’s willingness to reach an agreement.

Earlier this month, 99.7% of employees represented by the union voted for a strike.

Canadian jobs minister Patty Hajdu this week urged Air Canada and the union to return to the bargaining table to avoid a strike.

She also said in a statement that Air Canada had asked her to refer the dispute to binding arbitration.

CUPE has asserted that it had been negotiating in good faith for more than eight months, but that Air Canada instead sought government-directed arbitration.

“When we stood strong together, Air Canada didn’t come to the table in good faith,” the union said in a statement to its members. “Instead, they called on the federal government to step in and take those rights away.”

Meta faces pressure over 'sensual' chatbots

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