13 Best Gold Dividend Stocks To Buy According To Analysts

8. Alamos Gold Inc. (NYSE:AGI)

Dividend Yield as of February 25: 0.43%

Number of Hedge Fund Holders: 37

Average Upside Potential: 18.90%

Alamos Gold Inc. (NYSE:AGI) ranks 8th on our list of the best dividend stocks to invest in. It is a Toronto-based mining company focused on acquiring, exploring, and extracting gold in Canada, Mexico, and the United States. Alamos Gold’s new study on the Burnt Timber and Linkwood deposits near Lynn Lake could extend the mine’s life to 27 years, strengthening production and returns. The deposits now provide additional mill feed to the Lynn Lake project, delaying lower-grade stockpile processing and improving overall economics.

Alamos Gold Inc. (NYSE:AGI) had remarkable financials in 2024, producing 567,000 ounces of gold, a 7% increase from the previous year. Higher production and rising gold prices helped push free cash flow to $272 million while still financing significant growth projects like the Phase 3+ Expansion at Island Gold. The company also increased its mineral reserves by 31% to 14 million ounces, with big gains at Island Gold, where an expansion study is expected later this year. Annual cash flow reached $661 million, up 40% from 2023, and $41 million was distributed in dividends.

According to Insider Monkey’s fourth quarter database, 37 hedge funds were bullish on Alamos Gold Inc. (NYSE:AGI), compared to 30 funds in the prior quarter.