With an impressive short percentage of shares outstanding of 1.90%, Alamos Gold Inc. (NYSE:AGI) is among the 10 Best Gold Mining Stocks to Buy as Central Banks Buy Bullion.
Alamos Gold Inc. (NYSE:AGI) reported on April 30 that it expects 2026 gold production to range between 570,000 and 650,000 ounces while forecasting capital expenditures of approximately $910 million to $1 billion. The same day, the company posted first-quarter revenue of $596.7 million, exceeding analyst consensus estimates of $588.53 million, while producing 123,900 ounces of gold during the quarter. CEO John McCluskey stated that production results were aligned with guidance and highlighted record underground mining rates at Island Gold alongside significantly improved milling rates at Magino following operational enhancements. Management expects all three core operations to contribute to a 20% increase in second-quarter production, with further production growth and lower costs anticipated during the second half of the year as mining ramp-ups continue across key assets.
Earlier, on April 8, Canaccord raised its price target on Alamos Gold Inc. (NYSE:AGI) to C$80 from C$72 while maintaining a Buy rating on the shares. The firm updated its valuation model following fourth-quarter results and pointed to the company’s record EBITDA, strong all-in sustaining cost margins, and record free cash flow generation, which were supported by elevated gold prices and improving operational performance across its mining portfolio.
Alamos Gold Inc. (NYSE:AGI) is a Canadian-based mid-tier gold producer focused on the exploration, development, and mining of gold assets across North America. Founded in 2003 and headquartered in Toronto, the company operates several low-cost mining assets, including the Island Gold and Young-Davidson mines in Canada and the Mulatos district in Mexico. Its strategy emphasizes operational efficiency, disciplined capital allocation, and long-life reserve development.
The company’s rising production outlook and expectations for declining operating costs could strengthen profitability as gold prices remain supportive. With short interest at 1.90% of shares outstanding, AGI appears well-positioned among mid-tier miners, benefiting from operational growth and strong precious metals pricing.
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