10 Best Gold Stocks to Invest in for Portfolio Diversification

7. Alamos Gold Inc. (NYSE:AGI)

Number of Hedge Fund Holders: 30

Alamos Gold Inc. (NYSE:AGI) engages in the acquisition, exploration, development, and extraction of precious metals. It primarily explores gold deposits. After rallying by about 89% in 2024, the stock is already up by about 18% for the year, a gain that underlines why it is one of the best gold stocks to invest in now. The company offers an all-around mining investment opportunity.

It doubled its earnings and increased revenue by 41% in Q3. It also runs high-quality mines in regions that are anticipated to remain stable from a regulatory perspective. Additionally, Alamos Gold revealed that it had received significant approval from the Mexican government to start building its eagerly awaited Puerto Del Aire project.

In order to build one of Canada’s biggest and most lucrative gold mines, Alamos Gold Inc. (NYSE:AGI) is concentrating on integrating the Magino mine with the current Island Gold mine. With the potential to process ore from both mines through a centralized mill, the combined operation is expected to increase the company’s production capabilities greatly.

Backed by a solid pipeline of gold projects, Alamos Gold Inc. (NYSE:AGI) has been recognized as one of the top 30 performing stocks based on its dividend and share price performance. Its share price has increased by over 130% over the past three years, affirming its focus on operating a sustainable business.