Alamos Gold up after Turkish assets sale and Jefferies' PT raise

Alamos Gold

15/09/2025 15:59

** Shares of Canadian gold miner Alamos Gold AGI.N up 1.7% at $33.59

** Co reached a deal to divest its Turkish assets, most notably Kirazli, for total cash proceeds of $470M

** Jefferies raises price target on AGI to $39 from $38, while maintaining "Buy" rating, after the deal, as it expects positive free cash flow growth outlook and the ramp-up of Island Phase 3+ to drive the shares higher

** The new price target represents an 18.3% upside to stock's last close

** 5 of 5 brokerages rate the stock "buy" or higher; their median PT is $39 - data by LSEG

** Including sessions move, stock up ~82% YTD

(Reporting by Dharna Bafna)

((Dharna.bafna@thomsonreuters.com))