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Alamos Gold

AGI
77
Gold · Basic Materials
Also trades as: AGI.TO · 0UGS.L
Price
$37.86
+1.17 (+3.19%)
Market Cap
$15.90B
Exchange
New York Stock Exchange
Winston Score
77
Winston is happy
A high-quality business with solid fundamentals.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Exceptional
Growth
Exceptional
Cash Flow
Strong
Stability
Exceptional
Valuation
Exceptional
Dividends
Good

Share count rising — dilution

+7.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 392.6M (2021) → 422.8M (2025)

Winston Score History

The full picture

Alamos Gold is a Canadian gold mining company. It digs gold out of the ground at several mines in North America and sells that gold to refiners, banks, and commodity dealers at the current market price. The company owns three producing mines — Young-Davidson and Island Gold in Ontario, Canada, and Mulatos in Mexico — making it a mid-tier gold producer focused entirely on the Americas.

Alamos earns revenue by selling physical gold, so its income rises and falls with the global gold price. The company operates exclusively in Canada and Mexico, with a market cap around $13 billion, and its low-cost Canadian mines give it a cost advantage over many peers. Island Gold is currently being expanded in a major underground project that could significantly increase production over the next few years, but the company faces the ongoing risk that a sharp drop in gold prices would quickly shrink its profit margins.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+32.1% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+65.8% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

0.7%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$676M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

Alamos Gold is growing revenue at 32% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
59.2%
Premium pricing power — 59.2% gross margin
Profit after running costs
Operating Margin
59.8%
Excellent — 59.8% operating margin
Return on the money invested
ROCE
24.9%
Exceptional — 24.9% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+46.5%
Fast-growing sales (+46.5% YoY)
Profit growth
EPS YoY
+234.1%
Earnings growing fast (+234.1% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
83%
Modest — 83% of profit becomes cash
Spare cash per sale
FCF Margin
14.3%
Converts sales into free cash efficiently (14.3%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.04
Conservative — low debt load (0.04)
Covers its interest
Interest Cover
669.13x
Comfortably covers interest (669.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
13.7x
Attractive valuation — P/E 13.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+6.2
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (13.7 → 7.5)

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Dividends

Dividend
Dividend Yield
0.47%
Small dividend — 0.47% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+30.0%
Dividend growing fast (30.0% YoY)

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