Top 10 Gold Stocks with Dividends

7. Alamos Gold Inc. (NYSE:AGI)

Number of Hedge Funds Holders: 37

Alamos Gold Inc. (NYSE:AGI) is a Canadian gold-producing company with operations across Canada, Mexico, and the U.S.

Alamos Gold Inc.’s (NYSE:AGI) stock rose 39.18% year-to-date, demonstrating investor confidence in its long-term growth potential. The company posted record results for Q4 and the full year ended December 31, 2024, with its annual production surging by 7% year-on-year to 567,000 ounces, aligned with the revised projection after the Magino mine acquisition. Alamos Gold reported a full-year revenue of over $1.3 billion, which was an increase of 32% compared to 2023. Furthermore, a free cash flow of $272 million for the year was driven by higher realized gold prices and increased output.

Moreover, the company reported an increase of 31% in its global Proven and Probable Mineral reserves, at 14 million ounces. Acquisition of the Magino mine proved to be important for its growth, along with continued high-grade additions at Island Gold and the induction of an initial 900,000-ounce Mineral Reserve located at Burnt Timber and Linkwood.

Additionally, the company remains well-positioned financially, with $327 million in cash and above $800 million in total liquidity. Alamos Gold Inc. (NYSE:AGI) is continuing its self-funding efficient organic growth strategy, under which Island Gold Phase 3+ expansion and development of the Lynn Lake project fall. These projects are expected to increase production to 900,000 ounces annually by 2028.

Most importantly, the company continued its streak of 15 consecutive years of dividend payouts, highlighting its commitment to shareholder returns. Alamos Gold Inc. (NYSE:AGI) was able to return $41 million in dividends in 2024, with a $0.025 per share dividend declared for Q1 2025, payable on March 27.

Given the company’s strong financials, increasing production, and expanding reserves portfolio, it’s one of the Best Gold Stocks.