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Investing.com - Jefferies raised its price target on Alamos Gold (NYSE:AGI) to $39.00 from $38.00 on Monday, while maintaining a Buy rating on the stock. The gold producer’s stock, currently trading at $32.96, has delivered an impressive 79.22% return year-to-date and is approaching its 52-week high of $33.27. According to InvestingPro analysis, the stock appears fairly valued at current levels.
The price target increase follows Alamos Gold’s agreement to divest its Turkish assets, with Kirazli being the most notable property, for total cash proceeds of $470 million.
The payment structure includes $160 million at closing in the fourth quarter of 2025, followed by installment payments of $160 million one year after closing and $150 million two years after the deal closes.
Jefferies noted that these installment payments will be guaranteed by international financial institutions, providing security for the transaction.
The research firm viewed the deal value positively, as it significantly exceeds the consensus valuation of $273 million for the assets and Jefferies’ own nominal valuation of $19 million, leading to the approximately 3% increase in their price target.
In other recent news, Alamos Gold Inc. reported its second-quarter 2025 earnings, surpassing analysts’ expectations with an adjusted earnings per share (EPS) of $0.34, compared to the forecast of $0.321. However, the company’s revenue slightly missed projections, totaling $438.2 million against the anticipated $438.56 million. Despite the earnings beat, the company’s stock saw a decline, although specific stock price movements are not the focus here. These developments are part of the recent updates concerning Alamos Gold. No significant mergers or acquisitions have been reported. Analyst firms have not made any public upgrades or downgrades regarding Alamos Gold’s stock in the recent period. Investors are keeping a close watch on these developments as they consider their positions.
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