Topic: How To Invest

Stock Pickers Digest Hotline – Friday, March 29, 2019

Article Excerpt

ALAMOS GOLD INC., $6.78, symbol AGI on Toronto, took its current form in July 2015, when Alamos Gold merged with Stock Pickers Digest recommendation AuRico Gold. The combined firm owns the Mulatos and El Chanate mines in Mexico, and the Young-Davidson and Island mines in northern Ontario. In the three months ended December 31, 2018, Alamos’s gold production rose 4.4%, to 125,600 ounces from 120,300 a year earlier. Cash flow rose slightly, to $52.8 million from $52.7 million (all figures except share price in U.S. dollars). Cash flow per share dropped 12.5%, to $0.14 from $0.16, on more shares outstanding. Alamos has strong speculative appeal: it holds cash of $206.0 million, and it has no debt; and its prospects for increased production are also good, allowing it to benefit from a 17% rise in the price of gold over the last six months. OUR RECOMMENDATION: Alamos Gold is a hold. Alamos Gold recent coverage Hotline for January 18, 2019 January 2019 issue WYNDHAM HOTELS &…

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