Is Alamos Gold Inc. (AGI) One of the Must-Buy Non-Tech Stocks to Invest in?

Alamos Gold Inc. (NYSE:AGI) is a must-buy non-tech stock to invest in. On November 20, Alamos Gold Inc. (NYSE:AGI)’s board approved a quarterly dividend of $0.25 a share. The dividend offering comes just days after the company delivered record free cash flow of $130 million for its third quarter.

The dividend offering is to be paid on December 18, 2025, to shareholders of record as of December 4. The dividend offering underscores the company’s commitment to shareholder value. It has paid dividends for 16 consecutive years and returned $447 million via dividends and buybacks.

In the third quarter, the company’s cash from operating activities increased to $265.3 million, a 33% increase from the second quarter. The increase underlines substantial margin expansion as the company continues to capitalize on higher gold prices. Alamos plans to increase its gold production in the fourth quarter by 18% to between 157,000 and 177,000 ounces, expected to mark the strongest quarter of the year.

Meanwhile, on November 3, Steven Green from TD Cowen reiterated a Buy rating on the stock, impressed by the company demonstrating strong financial performance. Additionally, the analyst expects the company to continue capitalizing on higher commodity prices.

Alamos Gold Inc. (NYSE:AGI) is a Canadian-based intermediate gold producer that explores for, develops, and mines gold deposits. It operates mines in North America, including the Island Gold District and Young-Davidson mine in Canada, and the Mulatos District in Mexico.

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Disclosure: None. This article is originally published at Insider Monkey.