Alamos Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold in North America, Canada, and Mexico. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 ha located in Northern Ontario, Canada. The company was formerly known as AuRico Gold Inc. and changed its name to Alamos Gold Inc. in July 2015. The company is headquartered in Toronto, Canada.
IPO Year: 2015
Exchange: NYSE
Website: alamosgold.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/9/2024 | Neutral → Buy | BofA Securities | |
2/29/2024 | $14.00 | Buy | Jefferies |
1/11/2024 | Sector Perform → Outperform | RBC Capital Mkts | |
10/24/2023 | Hold | Desjardins | |
4/24/2023 | $14.50 | Sector Outperform | Scotiabank |
4/19/2023 | Buy → Hold | TD Securities | |
1/19/2023 | Buy → Hold | Canaccord Genuity | |
11/23/2022 | $10.00 → $11.00 | Sector Perform → Sector Outperform | Scotiabank |
4/29/2022 | Sector Perform → Outperform | National Bank Financial | |
1/18/2022 | $10.00 | Buy → Hold | Canaccord Genuity |
All amounts are in United States dollars, unless otherwise stated. TORONTO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported results of the positive internal economic study completed on its Puerto Del Aire ("PDA") project located within the Mulatos District in Sonora, Mexico. PDA is a higher-grade underground deposit adjacent to the Mulatos open pit. Given PDA's attractive economics and proximity to the existing Mulatos infrastructure, the Company anticipates starting development of PDA in 2025 with first production expected mid-2027. The project is expected to nearly triple the mine life of the Mulatos Dis
All amounts are in United States dollars, unless otherwise stated. TORONTO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported new results from ongoing surface exploration drilling within the Mulatos District focused on defining higher-grade mineralization at Puerto Del Aire ("PDA") and Cerro Pelon. Drilling at Cerro Pelon is following up on wide, high-grade underground oxide and sulphide intersections previously drilled below the Cerro Pelon open pit. The 2024 drill program has successfully expanded high-grade mineralization beyond the historical drilling in multiple oxide and sulphide zones. Additionally, surface drilling
All amounts are in United States dollars, unless otherwise stated. TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today announced that the Company's Board of Directors has declared a quarterly dividend of US$0.025 per common share. The Company has paid dividends for 15 consecutive years during which time $354 million has been returned to shareholders through dividends and share buybacks, including $30 million thus far in 2024. The dividend is payable on September 26, 2024 to shareholders of record as of the close of business on September 12, 2024. This dividend qualifies as an "eligible dividend" for Canadian income tax purpo
Record production and lower costs drive record free cash flow of $107 million All amounts are in United States dollars, unless otherwise stated. TORONTO, July 31, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported its financial results for the quarter ended June 30, 2024. "Alamos delivered a record performance in the second quarter. Production exceeded quarterly guidance, increasing to a record 139,100 ounces. Combined with lower costs, this drove a number of financial records including free cash flow of $107 million," said John A. McCluskey, President and Chief Executive Officer.
All amounts are in United States dollars, unless otherwise stated TORONTO, July 23, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported new results from underground and surface drilling at the Island Gold Mine. Exploration drilling continues to extend high-grade gold mineralization across the Island Gold Deposit, as well as within several hanging wall and footwall structures. Delineation and definition drilling has defined wide, higher-grade zones within the Island East area. This is expected to drive further growth in high-grade Mineral Reserves and Resources with the year end update. Additionally, high-grade mineralization was inters
All amounts are in United States dollars, unless otherwise stated. TORONTO, July 19, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") has released its annual Environmental, Social, and Governance (ESG) Report ("ESG Report"), which outlines the Company's progress on its ESG performance in 2023 across its operations, projects and offices. "During 2023 our Alamos Gold team had the opportunity to reflect on two decades as a Company, and I am proud to say that our dedication to responsible mining has been foundational to achieving one of the best growth profiles in the sector," said President & CEO John McCluskey. "I am proud that the Alamos team is wi
All amounts are in United States dollars, unless otherwise stated. TORONTO, July 15, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today announced that it has entered into a gold sale prepayment agreement ("gold prepayment") for total consideration of $116 million in exchange for the delivery of 49,384 ounces in 2025. The proceeds of the gold prepayment were used to eliminate gold forward purchase contracts, previously entered into by Argonaut Gold ("Argonaut"), totalling 179,417 ounces in 2024 and 2025 with an average price of $1,838 per ounce. The transaction has eliminated more than half of the Argonaut hedge book and associated mark-to-m
All amounts are in United States dollars, unless otherwise stated TORONTO, July 12, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") is pleased to announce the completion of the previously announced acquisition (the "Transaction") of all the issued and outstanding common shares of Argonaut Gold Inc. (TSX:AR) ("Argonaut") not already held by Alamos. A Final Order was granted by the Ontario Superior Court of Justice on July 5, 2024 approving the Plan of Arrangement pursuant to which the Transaction was implemented. Approval from the Federal Economic Competition Commission in Mexico ("COFECE") was also obtained on July 11, 2024. As part of the T
All amounts are in United States dollars, unless otherwise stated. TORONTO, July 02, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") plans to release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. Senior management will host a conference call on Thursday, August 1, 2024 at 10:00 am ET to discuss the results. Participants may join the conference call via webcast or through the following dial-in numbers: Toronto and International:(416) 406-0743Toll free (Canada and the United States):(800) 898-3989Participant passcode:3723204#Webcast:www.alamosgold.com A playback will be available until August 31, 2024 b
NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day June Small-Cap Conference taking place Wednesday and Thursday, June 12-13, 2024. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links.Presentation Schedule*All Times EDTWednesday, June 12, 2024 (Day 1)8:30-9:00**********InfuSystem Holdings Inc. (INFU)*****9:15-9:45*****ECD Automotive (ECDA)Lifeward [ReWalk Robotics] (LFWD)*****10:00-10:30Unisys Corporation (UIS)*****Myomo, Inc (MYO)Drilling Tools International Corp. (DTI)10:45-11:15American Softwar
TORONTO, May 26, 2023 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported a summary of the voting results of its Annual General Meeting of Shareholders (the "Meeting"). The Company is also announcing the retirement of Kenneth Stowe from the Board of Directors, and the appointment of Shaun Usmar. "On behalf of the Board of Directors and management, I would like to thank Ken for his exceptional contributions throughout his many years on the Board, including his steadfast hand leading our Technical and Sustainability Committee. Ken has been a valued member of the Alamos Board since 2011 and we wish him every success in his future endeavours," s
TORONTO, March 13, 2023 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today announced that Greg Fisher, Senior Vice President of Finance has been promoted to Chief Financial Officer effective May 1, 2023. Greg will succeed Jamie Porter who will be leaving Alamos to pursue another opportunity in the mining industry. Jamie will continue in his current capacity and help support the transition until April 28, 2023. Greg Fisher has more than 20 years of progressive experience in the mining sector, including 13 years at Alamos Gold. Greg joined Alamos in 2010 and was appointed Vice President of Finance in 2011 and Senior Vice President of Finance in 2021
TORONTO, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today announced the appointment of Luc Guimond as Chief Operating Officer effective September 1, 2022. As part of an established multi-year plan, Luc will succeed Peter MacPhail who will be retiring as of August 31, 2022. To support the transition, Peter will be staying with the Company as a consultant until the third quarter of 2023. Luc Guimond has nearly 35 years of experience in the mining industry in operations management, project management, mine construction, and corporate development in Canada and Australia. He is currently Vice President of Operations at Alamos Gold. Prior
TORONTO, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) is pleased to announce the appointment of John Fitzgerald as its Vice President, Projects. Mr. Fitzgerald will lead all engineering, procurement and construction activities for the Company’s development projects. Mr. Fitzgerald has more than 30 years of global experience in progressive engineering and management positions and was most recently Vice President, Projects & Technical Services at Centerra Gold. Prior to that he was Chief Operating Officer at AuRico Metals and Senior Director of Mining at AuRico Gold (and predecessor Northgate Minerals) where he oversaw mining and proje
Scotiabank analyst Ovais Habib maintains Alamos Gold (NYSE:AGI) with a Sector Outperform and raises the price target from $16 to $20.
Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today announced that it has entered into a gold sale prepayment agreement ("gold prepayment") for total consideration of $116 million in exchange for the delivery of 49,384 ounces in 2025. The proceeds of the gold prepayment were used to eliminate gold forward purchase contracts, previously entered into by Argonaut Gold ("Argonaut"), totalling 179,417 ounces in 2024 and 2025 with an average price of $1,838 per ounce. The transaction has eliminated more than half of the Argonaut hedge book and associated mark-to-market liability, while providing significantly increased exposure to rising gold prices. As part of the recently clo
Jefferies analyst Matthew Murphy maintains Alamos Gold (NYSE:AGI) with a Buy and raises the price target from $20 to $21.
Alamos Gold (NYSE:AGI) has outperformed the market over the past 5 years by 9.04% on an annualized basis producing an average annual return of 22.27%. Currently, Alamos Gold has a market capitalization of $6.79 billion. Buying $100 In AGI: If an investor had bought $100 of AGI stock 5 years ago, it would be worth $274.20 today based on a price of $17.05 for AGI at the time of writing. Alamos Gold's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revie
Alamos Gold (NYSE:AGI) has outperformed the market over the past 5 years by 8.78% on an annualized basis producing an average annual return of 21.77%. Currently, Alamos Gold has a market capitalization of $6.22 billion. Buying $100 In AGI: If an investor had bought $100 of AGI stock 5 years ago, it would be worth $258.43 today based on a price of $15.63 for AGI at the time of writing. Alamos Gold's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revie
Alamos Gold (NYSE:AGI) has outperformed the market over the past 5 years by 13.27% on an annualized basis producing an average annual return of 26.37%. Currently, Alamos Gold has a market capitalization of $6.76 billion. Buying $100 In AGI: If an investor had bought $100 of AGI stock 5 years ago, it would be worth $321.67 today based on a price of $16.99 for AGI at the time of writing. Alamos Gold's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revi
Alamos Gold (NYSE:AGI) has outperformed the market over the past 5 years by 15.83% on an annualized basis producing an average annual return of 28.96%. Currently, Alamos Gold has a market capitalization of $6.46 billion. Buying $100 In AGI: If an investor had bought $100 of AGI stock 5 years ago, it would be worth $352.06 today based on a price of $16.23 for AGI at the time of writing. Alamos Gold's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revi
Alamos Gold (NYSE:AGI) has outperformed the market over the past 5 years by 14.71% on an annualized basis producing an average annual return of 26.88%. Currently, Alamos Gold has a market capitalization of $6.05 billion. Buying $1000 In AGI: If an investor had bought $1000 of AGI stock 5 years ago, it would be worth $3,385.14 today based on a price of $15.20 for AGI at the time of writing. Alamos Gold's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and
Alamos Gold (NYSE:AGI) reported quarterly Adj earnings of $0.13 per share which met the analyst consensus estimate. The company reported quarterly sales of $277.600 million which beat the analyst consensus estimate of $272.000 million by 2.06 percent. This is a 10.38 percent increase over sales of $251.500 million the same period last year.
All amounts are in United States dollars, unless otherwise stated. TORONTO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported new results from ongoing surface exploration drilling within the Mulatos District focused on defining higher-grade mineralization at Puerto Del Aire ("PDA") and Cerro Pelon. Drilling at Cerro Pelon is following up on wide, high-grade underground oxide and sulphide intersections previously drilled below the Cerro Pelon open pit. The 2024 drill program has successfully expanded high-grade mineralization beyond the historical drilling in multiple oxide and sulphide zones. Additionally, surface drilling
Record production and lower costs drive record free cash flow of $107 million All amounts are in United States dollars, unless otherwise stated. TORONTO, July 31, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported its financial results for the quarter ended June 30, 2024. "Alamos delivered a record performance in the second quarter. Production exceeded quarterly guidance, increasing to a record 139,100 ounces. Combined with lower costs, this drove a number of financial records including free cash flow of $107 million," said John A. McCluskey, President and Chief Executive Officer.
All amounts are in United States dollars, unless otherwise stated. TORONTO, July 19, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") has released its annual Environmental, Social, and Governance (ESG) Report ("ESG Report"), which outlines the Company's progress on its ESG performance in 2023 across its operations, projects and offices. "During 2023 our Alamos Gold team had the opportunity to reflect on two decades as a Company, and I am proud to say that our dedication to responsible mining has been foundational to achieving one of the best growth profiles in the sector," said President & CEO John McCluskey. "I am proud that the Alamos team is wi
All amounts are in United States dollars, unless otherwise stated. TORONTO, July 02, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") plans to release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. Senior management will host a conference call on Thursday, August 1, 2024 at 10:00 am ET to discuss the results. Participants may join the conference call via webcast or through the following dial-in numbers: Toronto and International:(416) 406-0743Toll free (Canada and the United States):(800) 898-3989Participant passcode:3723204#Webcast:www.alamosgold.com A playback will be available until August 31, 2024 b
All amounts are in United States dollars, unless otherwise stated. TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported its financial results for the quarter ended March 31, 2024. "We delivered another strong start to the year across a number of fronts, following a record performance in 2023. Costs were in line with guidance for the quarter and production exceeded guidance led by record production from La Yaqui Grande. With the solid first quarter, we are on track to achieve our full year production and cost guidance. We also continued to demonstrate our long-term track record of value creation throug
TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") plans to release its first quarter 2024 financial results after market close on Wednesday, April 24, 2024. Senior management will host a conference call on Thursday, April 25, 2024 at 11:00 am ET to discuss the results. The Company will hold its 2024 Annual General and Special Meeting of Shareholders (the "Annual Meeting") on Thursday, May 23, 2024. Notice of First Quarter 2024 Results and Conference Call Participants may join the conference call via webcast or through the following dial-in numbers: Toronto and International:(416) 340-2217Toll free (Canada and the United Stat
Unlocking Value Through the Creation of One of Canada's Largest and Lowest Cost Gold Mines TORONTO, March 27, 2024 /CNW/ - Alamos Gold Inc. ("Alamos") (TSX:AGI) (NYSE: AGI) and Argonaut Gold Inc. ("Argonaut") (TSX:AR) are pleased to announce that they have entered into a definitive agreement (the "Agreement") whereby Alamos will acquire all of the issued and outstanding shares of Argonaut pursuant to a court approved plan of arrangement (the "Transaction"). As part of the Transaction, Alamos will acquire Argonaut's Magino mine, located adjacent to its Island Gold mine in Ontario, Canada. The integration of the two operations is expected to create one of the largest and lowest cost gold mine
TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. ("Alamos") (TSX:AGI, NYSE:AGI) and Argonaut Gold Inc. ("Argonaut") (TSX:AR) are pleased to announce that they have entered into a definitive agreement (the "Agreement") whereby Alamos will acquire all of the issued and outstanding shares of Argonaut pursuant to a court approved plan of arrangement (the "Transaction"). As part of the Transaction, Alamos will acquire Argonaut's Magino mine, located adjacent to its Island Gold mine in Ontario, Canada. The integration of the two operations is expected to create one of the largest and lowest cost gold mines in Canada. Through the use of shared infrastructure, Alamos expects to unlock
Solid Fourth Quarter Drives Record Annual Production, Revenue and Operating Cash Flow All amounts are in United States dollars, unless otherwise stated. TORONTO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported its financial results for the quarter and year ended December 31, 2023. "With the strong finish to the year, we delivered a record operational and financial performance in 2023. Production increased 15% to a record 529,300 ounces, achieving the top end of our increased full year guidance. Costs were also in line with annual guidance and decreased 4% from 2022 reflecting stro
TORONTO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") plans to release its fourth quarter and year-end 2023 financial results after market close on Wednesday, February 21, 2024. Senior management will host a conference call on Thursday, February 22, 2024 at 10:00 am ET to discuss the results. Participants may join the conference call via webcast or through the following dial-in numbers: Toronto and International:(416) 340-2217Toll free (Canada and the United States):(800) 806-5484Participant passcode:7181034#Webcast:www.alamosgold.com A playback will be available until March 24, 2024 by dialling (905) 694-9451 or (800) 408-3053 wit
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BofA Securities upgraded Alamos from Neutral to Buy
Jefferies initiated coverage of Alamos with a rating of Buy and set a new price target of $14.00
RBC Capital Mkts upgraded Alamos from Sector Perform to Outperform
Desjardins initiated coverage of Alamos with a rating of Hold
Scotiabank resumed coverage of Alamos with a rating of Sector Outperform and set a new price target of $14.50
TD Securities downgraded Alamos from Buy to Hold
Canaccord Genuity downgraded Alamos from Buy to Hold
Scotiabank upgraded Alamos from Sector Perform to Sector Outperform and set a new price target of $11.00 from $10.00 previously
National Bank Financial upgraded Alamos from Sector Perform to Outperform
Canaccord Genuity downgraded Alamos Gold from Buy to Hold and set a new price target of $10.00