Why Alamos Gold Inc. (AGI) Went Up On Thursday?

We recently published a list of 10 Firms Buck Thursday’s Market Bloodbath. In this article, we are going to take a look at where Alamos Gold Inc. (NYSE:AGI) stands against other Thursday’s best performers.

Investors sold off positions on Thursday, sending the stock market tumbling anew following President Donald Trump’s announcement that he had actually raised tariffs on Chinese goods by 145 percent since taking office.

Among all major indices, the Nasdaq was battered the most, losing 4.31 percent. The S&P 500 followed with a 3.46-percent drop while the Dow Jones came in last, down 2.50 percent.

Meanwhile, 10 companies bucked a broader market decline, registering modest gains during the session.

In this article, we have listed Thursday’s 10 best performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.

Aerial view of a gold mine with equipment mining the earth for resources.

Alamos Gold Inc. (NYSE:AGI)

Alamos Gold grew its share prices by 5.39 percent on Thursday to finish at $27.97 apiece as investor funds flocked to gold mining companies as their safe haven amid the ongoing trade tensions between the US and China.

On the same day, spot prices of gold finished 0.35 percent higher at $3,187.30 per ounce after jumping to an all-time high of $3,188.45 at the intra-day session.

In earlier news, Bank of America lowered its price target for AGI to $30.50 from $31 previously while assigning the firm a Neutral rating.

Last week, AGI also signed a binding agreement with Q-Gold Resources for the sale of its non-core Quartz Mountain Gold Project in Oregon for $21 million and a 9.9 percent equity interest in Q-Gold.

“The sale of Quartz Mountain is consistent with our strategy of monetizing non-core assets as we develop our portfolio of high-return growth projects including the Phase 3+ Expansion at Island Gold, Lynn Lake, and PDA,” said AGI President and CEO John McCluskey.

Overall, AGI ranks 8th on our list of Thursday’s best performers. While we acknowledge the potential of AGI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AGY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.