The Globe and Mail reports in its Friday, March 6, edition that Stifel analyst Ingrid Rico has commenced coverage on Minera Alamos with a "buy" recommendation and a $9.50 share target, matching the consensus. The Globe's David Leeder writes that Ms. Rico says in a note: "Following two M&A transactions completed in 2025, Minera Alamos has been transformed from a primarily Mexican junior producer to a more U.S.-centric gold miner with the Pan Mine being the pillar of current cash flow. Through a sequence of feasible, mostly brownfield, and considerably capex derisked mine developments that take advantage of existing infrastructure, Minera Alamos is positioned to become a 165koz producer by 2029. We believe executing on a low-capex growth strategy should drive rerate from growing cash flow and setting the foundations to evolve into a mid-tier gold producer. Minera Alamos screens as a value-attractive name (two times on 2028 P/CF and approximately 41-per-cent 2028 FCF yield) with a path over the next 12-18 months to further derisk and begin to execute on construction of two of its three development growth projects." The Globe reported on Sept. 19 National Bank rated Minera "outperform." It was then worth $3.60.