Alamos Gold Inc. (NYSE: AGI) is among the top 11 gold stocks favored by hedge funds. Jefferies raised its price target on AGI to $39 after the company agreed to sell its Turkish assets for $470 million, with payments guaranteed by international financial institutions.

The deal will see AGI receive $160 million at closing, another $160 million one year later, and $150 million two years later. Analysts are bullish on AGI, with a consensus Buy rating and a 12-month median price target of $40.15, indicating a 21.49% potential upside.

BMO Capital also raised its price target on AGI to C$51. With operations in North America, AGI remains an attractive investment option. While AGI shows promise, other AI stocks may offer greater upside potential. For more insights, check out the report on the best short-term AI stock.

Read more at Yahoo Finance: Analysts Remain Bullish on Alamos Gold (AGI) After Turkish Assets Deal