Alamos Gold stock soars to all-time high of $26.36

Alamos Gold Inc . (NYSE:AGI) stock has glittered its way to an all-time high, reaching a price level of $26.36. This milestone underscores a remarkable period of growth for the mining company, which has seen its stock value surge by an impressive 93.57% over the past year. The company, now valued at $11.06 billion, has demonstrated strong operational performance with a 31.62% revenue growth and EBITDA of $683.7 million in the last twelve months. Investors have rallied behind Alamos Gold, buoyed by favorable market conditions for precious metals and the company’s robust operational performance. The new all-time high represents a significant achievement for Alamos Gold, reflecting strong investor confidence and the company’s potential for continued success in the industry. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with 13 additional exclusive ProTips available to subscribers. For comprehensive insights into AGI and other overvalued stocks, visit our Most Overvalued Stocks list.

In other recent news, Alamos Gold Inc. reported its fourth-quarter earnings for 2024, which aligned with analysts’ expectations. The company announced that its gold production for the quarter reached 140.2 thousand ounces, slightly below the consensus estimate of 144.2 thousand ounces. However, the Mulatos mine exceeded expectations with a production of 38.9 thousand ounces, offsetting the lower output from the Magino mine. For the entire year, Alamos Gold produced 567 thousand ounces of gold, meeting the midpoint of its revised guidance range.

Alamos Gold provided an updated three-year production guidance, forecasting a 1% increase for 2025, no change for 2026, and new guidance for 2027, slightly below previous estimates due to revised timelines for the Lynn Lake mine. The company also released its annual reserve and resource update, detailing economically extractable gold quantities. BMO Capital Markets maintained its Outperform rating and a target price of C$44.00 for the company, citing its ability to meet production and cost targets.

The firm’s cost guidance for 2025 and 2026 indicates an increase due to inflation and the increased contribution from Mulatos. However, the 2027 guidance suggests a slight decrease in costs compared to 2026. These developments reflect Alamos Gold’s strategic adjustments and ongoing operational efficiency.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.