- Alamos Gold released its Q3 results on Wednesday, reporting a sharp increase in gold production sequentially.
- The increased gold production combined with a higher gold price led to record free-cash-flow, and 26% growth in revenue year-over-year.
- Given the outstanding quarter financially, the company has chosen to increase its dividend to $0.08, translating to a forward dividend yield of 1.10%.
- Based on the company's organic growth profile, I see this pullback in the stock as a low-risk entry for investors.
For further details see:
Alamos Gold: A Strong Recovery In Q3