Alamos Gold Inc. [AGI] is -9.49% lower this YTD. Is it still time to buy?

Alamos Gold Inc. [NYSE: AGI] slipped around -0.2 points on Tuesday, while shares priced at $6.96 at the close of the session, down -2.79%. The company report on June 29, 2022 that Alamos Gold Announces Phase 3+ Expansion of Island Gold to 2,400 tpd, Driving a Larger, More Profitable Operation with Average Annual Gold Production of 287k oz, Industry Low All-in Sustaining Costs of $576/oz, and a 31% Increase in Net Present Value (“NPV”) to $2.0 Billion at $1,850/oz Gold.


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Gold Production (oz Au).

Alamos Gold Inc. stock is now -9.49% down from its year-to-date (YTD) trading value. AGI Stock saw the intraday high of $7.235 and lowest of $6.895 per share. The company’s 52-week high price is 9.22, which means current price is +6.91% above from all time high which was touched on 04/18/22.

Compared to the average trading volume of 3.51M shares, AGI reached a trading volume of 7989754 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Alamos Gold Inc. [AGI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AGI shares is $11.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AGI stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

National Bank Financial have made an estimate for Alamos Gold Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 29, 2022. The new note on the price target was released on January 18, 2022, representing the official price target for Alamos Gold Inc. stock.

The Average True Range (ATR) for Alamos Gold Inc. is set at 0.37, with the Price to Sales ratio for AGI stock in the period of the last 12 months amounting to 3.42. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 0.38. Price to Free Cash Flow for AGI in the course of the last twelve months was 11.17 with Quick ratio for the last quarter at 1.70.

How has AGI stock performed recently?

Alamos Gold Inc. [AGI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.31. With this latest performance, AGI shares dropped by -8.06% in over the last four-week period, additionally sinking by -7.32% over the last 6 months – not to mention a drop of -8.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AGI stock in for the last two-week period is set at 40.85, with the RSI for the last a single of trading hit 38.25, and the three-weeks RSI is set at 42.44 for Alamos Gold Inc. [AGI]. The present Moving Average for the last 50 days of trading for this stock 7.62, while it was recorded at 7.09 for the last single week of trading, and 7.66 for the last 200 days.

Alamos Gold Inc. [AGI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Alamos Gold Inc. [AGI] shares currently have an operating margin of +28.76 and a Gross Margin at +33.09. Alamos Gold Inc.’s Net Margin is presently recorded at -8.10.

Return on Equity for this stock declined to -2.36, with Return on Assets sitting at -1.82.

Alamos Gold Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 3.20.

Earnings analysis for Alamos Gold Inc. [AGI]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AGI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alamos Gold Inc. go to -6.72%.

Insider trade positions for Alamos Gold Inc. [AGI]

There are presently around $1,448 million, or 66.88% of AGI stock, in the hands of institutional investors. The top three institutional holders of AGI stocks are: VAN ECK ASSOCIATES CORP with ownership of 41,519,766, which is approximately 7.731% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 12,820,688 shares of the stock with an approximate value of $91.8 million in AGI stocks shares; and FIRST EAGLE INVESTMENT MANAGEMENT, LLC, currently with $80.56 million in AGI stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Alamos Gold Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 129 institutional holders increased their position in Alamos Gold Inc. [NYSE:AGI] by around 24,263,378 shares. Additionally, 77 investors decreased positions by around 23,857,833 shares, while 59 investors held positions by with 154,061,339 shares. The mentioned changes placed institutional holdings at 202,182,550 shares, according to the latest SEC report filing. AGI stock had 33 new institutional investments in for a total of 8,925,534 shares, while 25 institutional investors sold positions of 9,168,532 shares during the same period.

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