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Alamos Gold Keeps Outperform Rating, C$53.50 Price Target at National Bank of Canada

BY MT Newswires | ECONOMIC | 09/15/25 11:21 AM EDT

11:21 AM EDT, 09/15/2025 (MT Newswires) -- National Bank of Canada Monday kept Alamos Gold (AGI) 's outperform rating and C$53.50 price target after the company sold its Turkish development projects for US$470 million.

The bank said the sale allows Alamos to streamline its portfolio to focus more on North America.

The transaction also lifts Alamos' liquidity, adding buffer to ongoing development projects with optionality to accelerate repayment of modest RCF balance, the bank said.

National Bank reiterated Alamos as a top pick and said the outperform rating is based on the company's strong NAV/sh growth profiles in the sector.

The price target is based on 11.00x NTM EV/EBITDA target multiple.

Alamos traded 1.5% higher at last look to $46.35 per share on the TSX.

Price: 46.57, Change: +0.94, Percent Change: +2.06

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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