Is Alamos Gold (AGI) One of the Best Canadian Dividend Stocks to Buy for the Next 5 Years?

Alamos Gold Inc. (NYSE:AGI) is included among the 10 Best Canadian Dividend Stocks to Buy for the Next 5 Years.

On June 22, BofA lowered its price recommendation on Alamos Gold Inc. (NYSE:AGI) to $50 from $57. It reiterated a Buy rating on the stock. The firm updated its model after the company reduced its second-quarter gold production guidance by 12% to 130,000-150,000 ounces. The lower outlook reflects the timing of gold recoveries at La Yaqui Grande and reduced mining rates at the Young-Davidson mine.

Earlier, on June 20, CIBC lowered its price goal on Alamos Gold to C$82 from C$90. It maintained an Outperformer rating. Analyst Cosmos Chiu said the Young-Davidson mine had been affected by two seismic events during the previous week, including one at an active mining area. The firm reduced its production estimates but noted that, while the development is disappointing, Young-Davidson is no longer the primary driver of value for Alamos following the emergence of the Island Gold District.

Alamos Gold Inc. (NYSE:AGI) is a Canadian intermediate gold producer with diversified operations across North America. Its producing assets include the Island Gold District and the Young-Davidson mine in northern Ontario, Canada, as well as the Mulatos District in Sonora State, Mexico.

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