Alamos Gold Inc. [AGI] moved down -0.30: Why It’s Important

Alamos Gold Inc. [NYSE: AGI] loss -0.30% or -0.03 points to close at $9.92 with a heavy trading volume of 3011398 shares. The company report on March 6, 2023 that Alamos Gold Announces Significant Permitting Milestones at Lynn Lake Gold Project.

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“Achieving both of these important regulatory milestones for the Lynn Lake Gold Project represents a multi-year, collaborative effort by our team and our commitment to environmental sustainability,” said John A. McCluskey, President and Chief Executive Officer. “Lynn Lake is a significant opportunity to drive the future growth of our business in Canada, with the potential to increase our annual production to approximately 800,000 ounces of gold per year.”.

It opened the trading session at $10.04, the shares rose to $10.115 and dropped to $9.83, the range by which the price of stock traded the whole day. The daily chart for AGI points out that the company has recorded 40.31% gains over the past six months. However, it is still -56.22% lower than its most recent low trading price.

If we look at the average trading volume of 3.35M shares, AGI reached to a volume of 3011398 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $11.20 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 2.70. 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.

Canaccord Genuity have made an estimate for Alamos Gold Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 19, 2023. While these analysts kept the previous recommendation, Scotiabank raised their target price from $10 to $11. The new note on the price target was released on November 23, 2022, representing the official price target for Alamos Gold Inc. stock.

The Average True Range (ATR) for Alamos Gold Inc. is set at 0.29, with the Price to Sales ratio for AGI stock in the period of the last 12 months amounting to 4.71. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 0.38.

Trading performance analysis for AGI stock

Alamos Gold Inc. [AGI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.80. With this latest performance, AGI shares dropped by -6.42% in over the last four-week period, additionally plugging by 40.31% over the last 6 months – not to mention a rise of 20.68% 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 36.51, with the RSI for the last a single of trading hit 31.95, and the three-weeks RSI is set at 41.09 for Alamos Gold Inc. [AGI]. The present Moving Average for the last 50 days of trading for this stock 10.62, while it was recorded at 10.20 for the last single week of trading, and 8.59 for the last 200 days.

Alamos Gold Inc. [AGI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Alamos Gold Inc. [AGI] shares currently have an operating margin of +17.72 and a Gross Margin at +23.10. Alamos Gold Inc.’s Net Margin is presently recorded at +4.52.

Return on Equity for this stock inclined to 1.35, with Return on Assets sitting at 1.01.

Alamos Gold Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 2.40.

Alamos Gold Inc. [AGI]: An earnings per share (EPS) analysis

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 -13.89%.

An analysis of insider ownership at Alamos Gold Inc. [AGI]

There are presently around $2,102 million, or 67.97% 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 44,900,614, which is approximately 7.388% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 13,632,792 shares of the stock with an approximate value of $135.24 million in AGI stocks shares; and FIRST EAGLE INVESTMENT MANAGEMENT, LLC, currently with $114.66 million in AGI stock with ownership of nearly -3.68% of the company’s market capitalization.

Positions in Alamos Gold Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 119 institutional holders increased their position in Alamos Gold Inc. [NYSE:AGI] by around 25,157,276 shares. Additionally, 101 investors decreased positions by around 13,860,797 shares, while 54 investors held positions by with 172,894,259 shares. The mentioned changes placed institutional holdings at 211,912,332 shares, according to the latest SEC report filing. AGI stock had 49 new institutional investments in for a total of 12,087,459 shares, while 20 institutional investors sold positions of 2,001,723 shares during the same period.


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