11:09 AM EDT, 09/16/2025 (MT Newswires) -- BMO Capital Markets on Tuesday reiterated its buy rating on the shares of Alamos Gold ( AGI ) while raising its price target to C$51.00 from an undisclosed prior level after the company sold its Turkish operations.

"AGI has announced that it has entered into a definitive agreement to sell Dogu Biga Madencilik Sanayi ve Tic. A.S., its wholly owned Turkish subsidiary, which owns the Kirazli, Agi Dagi and Camyurt projects located in northwestern Turkiye, to Tumad Madencilik Sanayi ve Ticaret A.S ("Tumad"), for total cash consideration of $470M. These proceeds will be used to support the development of its internal growth pipeline and reduce existing debt obligations. We maintain our Outperform rating and raise our price target to C$51.00," analyst Brian Quast wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 44.30, Change: -1.74, Percent Change: -3.78