Thesis
Alamos Gold (AGI) has reported a strong Q1 2020 in terms of revenues and earnings, and the share price has already incorporated these results. AGI currently faces some temporary operational hurdles posted by the global outbreak of COVID-19 which implies that AGI's price performance could suffer (at least during Q2 2020). However, AGI's low-cost production together with future growth opportunities in Turkey enables it to take advantage of a continued momentum in gold rally (if this rally continues).
In this article, we will analyze the company's medium-to-long term investment horizon and consider