Alamos Gold shares surge 5.25% intraday on updated 1M-ounce production plan and strong gold price rally.

Alamos Gold surged 5.25% intraday following an updated production plan targeting one million ounces annually by 2030, driven by expansion at the Island Gold District and Lynn Lake projects. The bull market for gold, which has surged 60% in 2025, amplified optimism about the company’s low-cost growth strategy. Analysts reinforced this momentum, maintaining a Strong Buy rating with an average price target of $50.85 (29.3% upside). The stock’s intraday rally aligns with its undervaluation relative to intrinsic value estimates (e.g., $70.95 fair value) and macro tailwinds from central bank gold purchases and investor demand for hedging. Exploration successes, including a high-grade intercept at Cline-Pick, further validated resource expansion potential, while institutional buying activity and analyst upgrades underscored confidence in execution.