Alamos Gold "market perform," target price reduced

03/13/08 - Raymond James

NEW YORK, March 13 (newratings.com) - Analyst Paul O'Brien of Raymond James maintains his "market perform" rating on Alamos Gold Inc (AGI-T), while reducing his estimates for the company. The 6-12 month target price has been reduced from C$7.50 to C$7.00.

In a research note published this morning, the analyst mentions that the grade and throughput estimates for 2008 have been reduced from 1.88 g/t to 1.6 g/t and from 14,075 tpd to 14,000 tpd, respectively. The production estimate for 2008 has been reduced from 155,000 oz at $340/oz of total cash costs to 120,000 oz at $426/oz of total cash costs. The EPS estimate for 2008 has been reduced from C$7.50 to C$7.00.