Alamos Gold Stock Hits 52-Week High: What's Driving Its Performance?

Alamos Gold Inc. AGI scaled a new 52-week high of $34.40 yesterday before ending the session at $33.79. The upside follows record metal prices and the news of the company agreeing to sell its Turkish Development Projects.

Alamos Gold currently has a market capitalization of $14.01 billion and a Zacks Rank #3 (Hold).

What’s Aiding Alamos Gold's Stock?

Solid Q2 Results and Positive Outlook: AGI reported record adjusted earnings of 34 cents per share in the second quarter of 2025, beating the Zacks Consensus Estimate of 33 cents. The bottom line increased 42% year over year and was within the company’s guidance of 74-84 cents.

Total revenues increased year over year to $438 million from the prior-year quarter’s $333 million.
For 2025, the company expects to produce 580,000-630,000 ounces of gold, indicating a year-over-year increase of 7% at mid-point. The company expects production to increase 24% to 680,000 to 730,000 ounces by 2027. 

Sale of Turkish Development Projects: On Sept. 15, the company announced that its Netherlands subsidiaries have inked a definitive agreement with Tumad Madencilik Sanayi ve Ticaret A.??. to sell their fully owned Turkish subsidiary, including Kirazli, Agi Dagi and Camyurt projects located in northwestern Turkiye. The proceeds from this deal will help Alamos Gold to focus on its portfolio of other high-return growth projects.

Tumad is a mining company that operates in the Republic of Türkiye. The deal has been finalized at $470 million. Tumad will pay the price in three installments. 

Alamos Gold plans to use the proceeds from the sale to lower existing debt obligations. The proceeds from the deal will help AGI in developing its key projects, like the Island Gold Phase 3+ Expansion, Lynn Lake and Puerto Del Aire in Mexico. The move helps the company unlock substantial value for its assets, focusing on lower-cost North American projects with strong growth potential.

The deal is expected to be complete in the fourth quarter of 2025, subject to regulatory approvals.

Record Gold Prices: Gold prices are on a rally this year and have gained 42.5% year to date. The metal has been supported by geopolitical tensions, tariff concerns and continuous purchasing by central banks. Gold prices are currently trending above $3,770 per ounce, backed by expectations of further interest rate cuts.

AGI Stock’s Price Performance

Shares of Alamos Gold have appreciated 62.5% in a year compared with the industry’s 79.1% surge.

Stocks to Consider

Some better-ranked stocks from the basic materials space are DRDGOLD Limited DRD, Carpenter Technology Corporation CRS and The Mosaic Company MOS. All these stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. 

The consensus estimate for DRDGOLD’s 2025 earnings is pegged at $1.62 per share. The estimate indicates year-over-year growth of 13.3%. DRDGOLD’ shares have surged 175% in a year.

Carpenter Technology has an average trailing four-quarter earnings surprise of 8.4%. The Zacks Consensus Estimate for CRS’ 2025 earnings is pegged at $9.36 per share. Its shares surged 68% in the last year.

The Zacks Consensus Estimate for The Mosaic Company’s 2025 earnings is pegged at $3.17 per share, indicating year-over-year growth of 60.1%. The Mosaic Company’s shares jumped 31.5% last year. 

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This article originally published on Zacks Investment Research (zacks.com).

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