Beneath the surface, a few key areas are showing strength.
AGI Q4 results reflect the gains of higher realized gold prices and higher sales volumes.
Here is how Alamos Gold (AGI) and DRDGOLD (DRD) have performed compared to their sector so far this year.
Alamos Gold (AGI) possesses solid growth attributes, which could help it handily outperform the market.
Alamos Gold (AGI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Alamos Gold Inc. (NYSE:AGI ) Q4 2024 Earnings Call February 20, 2025 11:00 AM ET Company Participants Scott Parsons - Senior Vice President, Corporate Development and Investor Relations John McCluskey - President and Chief Executive Officer Greg Fisher - Chief Financial Officer Luc Guimond - Chief Operating Officer Scott R.G. Parsons - Vice President, Exploration Conference Call Participants Charles Edelman - Scotiabank Steven Green - TD Securities Operator Good morning.
Alamos Gold is a high-quality gold mining company with significant growth prospects in Canada, particularly through the Lynn Lake and Island Gold District projects. The company reported record financials in Q4 2024, driven by a high gold price and effective cost control, despite an 8% production decline. Proven and probable reserves grew by 31% in 2024, with significant contributions from the acquisition of Magino and strong exploration results at Island Gold.
John McCluskey, Alamos Gold president and CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, record gold production, 2025 outlook, and more.
AGI's Q4 performance is likely to have benefited from increased gold sales and prices.
As of February 7, 2025, the price of gold is roughly $2,889, just a couple of dollars below all-time highs reached earlier in the month. The massive rally—gold is up more than 40% in the year leading to that date—has been fueled by a diverse range of factors, including lingering inflation, global geopolitical turmoil, and, most recently in the United States, uncertainty about the Trump administration's planned tariffs on Mexico and Canada, among other things.
Alamos Gold (AGI) possesses solid growth attributes, which could help it handily outperform the market.
Investors looking for stocks in the Mining - Gold sector might want to consider either Alamos Gold (AGI) or Franco-Nevada (FNV). But which of these two stocks offers value investors a better bang for their buck right now?