BMO Reaffirms Alkane's Outperform Rating, C$2 Price Target

BMO Capital Markets on Thursday maintained Alkane Resources' (ALK.TO) outperform rating and C$2 price target.Alkane's pre-released gold equivalent production of 45,800 ounces in the fiscal third quarter aligned with BMO's estimate of 45,300 ounces.Gold production of 44,700 also matched BMO's forecast of 44,300 ounces while antimony production of 380 tonnes was above BMO's estimate of 260 tonnes..Through the quarter, Alkane has produced 75% of the mid-point of its full-year 2026 guidance of 160,000-175,000 gold equivalent ounces, prompting the company to reaffirm its full-year 2026 guidance.Alkane traded at $1.71 per share at last look on the Toronto Stock Exchange.Price: $1.71, Change: $+0.14, Percent Change: +8.60%

-- BMO Capital Markets on Thursday maintained Alkane Resources' (ALK.TO) outperform rating and C$2 price target.

Alkane's pre-released gold equivalent production of 45,800 ounces in the fiscal third quarter aligned with BMO's estimate of 45,300 ounces.

Gold production of 44,700 also matched BMO's forecast of 44,300 ounces while antimony production of 380 tonnes was above BMO's estimate of 260 tonnes..

Through the quarter, Alkane has produced 75% of the mid-point of its full-year 2026 guidance of 160,000-175,000 gold equivalent ounces, prompting the company to reaffirm its full-year 2026 guidance.

Alkane traded at $1.71 per share at last look on the Toronto Stock Exchange.

Price: $1.71, Change: $+0.14, Percent Change: +8.60%