Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
An announcement from Alamos Gold ( (TSE:AGI) ) is now available.
Alamos Gold Inc. announced the renewal of its Normal Course Issuer Bid, allowing the company to repurchase up to 18,605,661 of its Class A Common Shares, representing 5% of its public float. This strategic move is intended to enhance shareholder value by purchasing shares at a discount, reflecting the company’s belief that its share price does not fully represent its underlying value. The issuer bid will span from December 24, 2024, to December 23, 2025, with any purchased shares being cancelled, thereby increasing the proportionate ownership of remaining shareholders.
More about Alamos Gold
Alamos Gold Inc. is a Canadian-based intermediate gold producer with diversified operations that include the Young-Davidson mine and Island Gold District in Ontario, Canada, and the Mulatos District in Sonora, Mexico. The company is focused on sustainable development and has a strong portfolio of growth projects, including the Island Gold Phase 3+ Expansion and the Lynn Lake project in Manitoba. It employs over 2,400 people and trades on the TSX and NYSE under the symbol AGI.
YTD Price Performance: 34.88%
Average Trading Volume: 2,457,647
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.59B
Learn more about AGI stock on TipRanks’ Stock Analysis page.
