- Alamos Gold has increased its FY 2024 gold production forecast to 550,000 – 590,000 ounces from the previous 485,000 – 525,000 ounces.
- Capital expenditures and capitalized exploration for 2024 are estimated between $398 million and $443 million, up from the previous $391 million to $431 million.
- For 2025, gold production is projected to be between 575,000 and 625,000 ounces, an increase from the prior forecast of 470,000 to 510,000 ounces.
- In 2026, the company forecasts gold production of 630,000 to 680,000 ounces.
- The updated guidance includes the impact of the recently acquired Magino mine and increased production expectations for the Mulatos District.
- The 2024 production guidance for existing operations, not including Magino, has been raised by 4% due to La Yaqui Grande’s outperformance.
- Production guidance for 2025 and 2026, excluding Magino, remains unchanged from the January 2024 forecast.
- Current market sentiment shows 9 buys, 1 hold, and no sells for Alamos Gold.
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A look at Alamos Gold Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Alamos Gold Inc. is showing a strong long-term outlook, with high scores in Growth and Momentum. The company’s robust Growth score indicates promising expansion opportunities, while its Momentum score suggests positive market performance. Additionally, Alamos Gold Inc. scores well on Resilience, reflecting its ability to weather economic uncertainties. Although its Value and Dividend scores are not as high, the company’s overall outlook appears positive, driven by its strengths in growth potential and market momentum.
As an intermediate gold producer operating in Canada, Mexico, and the United States, Alamos Gold Inc. is positioned favorably for long-term success. With a diverse portfolio of mines in key locations, the company has the potential for continued growth and resilience in the face of market fluctuations. Investors may find Alamos Gold Inc. an attractive proposition based on its strong scores in Growth, Resilience, and Momentum, offsetting slightly lower scores in Value and Dividend. Overall, the company’s focus on gold production, exploration, and acquisition sets a solid foundation for its future performance in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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