Alamos Gold stock soars to all-time high of $25.3 amid bullish run

In a remarkable display of market confidence, Alamos Gold Inc . (NYSE:AGI) stock has reached an all-time high, touching a price level of $25.3. With a market capitalization of $10.47 billion and an impressive "GREAT" financial health score according to InvestingPro, the company has demonstrated robust fundamentals. This peak represents a significant milestone for the mining company, which has seen its stock value surge over the past year. Investors have rallied behind AGI, propelling the stock to unprecedented heights and reflecting an impressive 83% change over the past 12 months. The company’s robust performance, evidenced by 31.62% revenue growth and strong analyst consensus, has contributed to this bullish trend. While current analysis suggests the stock may be trading above its Fair Value, market participants continue monitoring AGI’s momentum. InvestingPro subscribers can access 12 additional investment tips and a comprehensive Pro Research Report for deeper insights into AGI’s valuation and growth prospects.

In other recent news, Alamos Gold reported its fourth-quarter earnings for 2024, meeting analysts’ expectations. The company announced gold production of 140.2 thousand ounces, slightly below the consensus estimate of 144.2 thousand ounces but in line with BMO’s projection of 141.3 thousand ounces. Alamos Gold’s annual production reached 567 thousand ounces, aligning with the midpoint of its revised guidance range. The company also updated its three-year production guidance, forecasting a 1% increase for 2025 and setting new guidance for 2027 between 680 and 730 thousand ounces.

Alamos Gold’s Mulatos mine outperformed with a production of 38.9 thousand ounces, surpassing BMO’s estimate, while the Magino mine fell short of expectations. The company reported cash costs of $981 per ounce and all-in sustaining costs (AISC) of $1,333 per ounce for the fourth quarter, slightly differing from BMO’s estimates. For the full year, Alamos Gold’s costs were within the provided guidance range. BMO Capital Markets maintained its Outperform rating and C$44 target price for Alamos Gold, citing the company’s ability to meet production and cost targets.

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