Outlook remains strong

Article Excerpt

ALAMOS GOLD $7.47 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681-2802; www.alamosgold.com; Shares o/s: 388.8 million; Market cap: $2.8 billion; Dividend yield: 0.7%) owns the Mulatos and El Chanate mines in Mexico, and the Young-Davidson and Island mines in northern Ontario. In the three months ended March 31, 2019, Alamos’s gold production fell 2.8%, to 125,300 ounces from 128.900 a year earlier. The decline came from slightly lower ore grades at the Mulatos mine. Cash flow fell 1.4%, to $61.7 million, or $0.16 a share, from $62.6 million, or $0.16 (all figures except share price in U.S. dollars). The company has strong speculative appeal: it holds cash of $180.6 million, and it has no debt; its prospects for increased production are also good. The shares yield 0.7%. Alamos Gold is a buy. buy…

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