10 Best Gold Mining Companies to Invest in

5. Alamos Gold Inc. (NYSE:AGI)  

Current Price: $17

Upside Potential: 19.3%

Alamos Gold Inc (NYSE: AGI) produced approximately 135,700 ounces of gold in Q1, marking a 6% increase from the same period last year and reported quarterly revenue of $280 million, a 10% increase from the previous year, and generated $24 million in free cash flow.  The company is expanding its operations with the acquisition of Argonaut Gold’s Magino Mine, creating a Tier-1 scale mining complex in Ontario, Canada. This is expected to increase production to 600,000 ounces annually in the near term, potentially reaching 900,000 ounces long-term. This acquisition, including Argonaut Gold, is anticipated to generate $515 million in pretax synergies. Analysts predict Alamos Gold Inc will generate around $720 million in free cash flow by FY2028, driven by strong production at its PDA (Mulatos), Young-Davidson, Island Complex (Island/Magino), and Lynn Lake projects. Consequently, Wall Street analysts are optimistic about the stock’s future performance.