01:59 PM EDT, 09/10/2024 (MT Newswires) -- Alamos Gold ( AGI ) announced the appointment of Tony Giardini to its Board of Directors. Giardini has over 40 years of experience within the mining sector and is currently President and CEO of Trilogy Metals. He has had a number of previous roles in senior leadership positions including as President of Ivanhoe Mines (2019-2020), was EVP and CFO of Kinross (2012-2019) and CFO of Ivanhoe Mines (2006-2012).

The company also announced that it has been recognized as a TSX30 2024 winner, which recognizes the top 30 performing stocks based on their dividend-adjusted share price performance over a 3-year period, with Alamos' share price increasing 134% over the trailing 3-year period.

National Bank's Sector Perform rating is based on Alamos's recent run up in shares bringing its valuation well above its historical average and the peer trading group. "In our view, the company remains a quality investment with attractive medium-term growth outlook driven by existing operations in politically stable jurisdictions."

Target price maintained at $28.

Price: 24.99, Change: +0.37, Percent Change: +1.50