Investors have shown a particular affinity for gold and silver stocks this year, as worries leading up to the presidential election mounted.
Close on the heels of the rebound in precious metals' prices, Alamos Gold (AGI) gained a whopping 128.57% this year and Hecla Mining (HL) had an incredible 283.07% jump. These two mining stocks are poised to continue their upward trajectory.
Alamos Gold is a Canadian intermediate gold producer, with a varied production roster, including operating mines in North America (Young-Davidson), and the El Chanate and Mulatos mines in Mexico.
The company also carries a 19.07% stake in Corex Gold, which promises attractive exploration opportunities. Alamos Gold's reserve strengths are proven and robust, having grown by 570% since the end of 2014.
With Alamos Gold's advantages, such as low capital intensity, a technical risk development pipeline and lower costs, investors have exhibited a deep interest in its shares.
Alamos Gold has continuously reported an impressive year-over-year rise in quarterly revenue akin to peers including B2Gold and Kinross Gold and could improve profitability in the next two quarters as well.
Gold prices should maintain current high standards, powered by a low or negative interest rate environment around the world and the air of uncertainty in the U.S.
Analysts suggest another 30% to 40% upside potential over the next 12 months.