Alamos Gold Inc. [NYSE: AGI] stock went on an upward path that rose over 0.75% on Tuesday, amounting to a one-week price increase of more than 7.74%. The company report on March 13, 2023 that Alamos Gold Announces Appointment of Greg Fisher as Chief Financial Officer.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Greg Fisher has more than 20 years of progressive experience in the mining sector, including 13 years at Alamos Gold. Greg joined Alamos in 2010 and was appointed Vice President of Finance in 2011 and Senior Vice President of Finance in 2021. During this time, he has led the finance team and has had responsibility for regulatory financial reporting, treasury management, budgeting and forecasting, tax planning and compliance, and maintenance of the Company’s internal control environment. Prior to joining Alamos in 2010, Greg was a Senior Manager at KPMG, serving mining clients in the firm’s audit practice. He graduated with an Honours Bachelor of Commerce degree from McMaster University and holds a CPA, CA designation.
Over the last 12 months, AGI stock rose by 22.94%. The one-year Alamos Gold Inc. stock forecast points to a potential upside of 3.68. The average equity rating for AGI stock is currently 2.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.72 billion, with 393.04 million shares outstanding and 391.47 million shares in the current float. Compared to the average trading volume of 3.37M shares, AGI stock reached a trading volume of 4738340 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $11.13 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 0.33, with the Price to Sales ratio for AGI stock in the period of the last 12 months amounting to 5.04. The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 0.38.
AGI Stock Performance Analysis:
Alamos Gold Inc. [AGI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.74. With this latest performance, AGI shares gained by 0.47% in over the last four-week period, additionally plugging by 40.13% over the last 6 months – not to mention a rise of 22.94% 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 58.60, with the RSI for the last a single of trading hit 64.73, and the three-weeks RSI is set at 56.04 for Alamos Gold Inc. [AGI]. The present Moving Average for the last 50 days of trading for this stock 10.64, while it was recorded at 10.24 for the last single week of trading, and 8.65 for the last 200 days.
Insight into Alamos Gold Inc. Fundamentals:
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.
AGI Stock EPS
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%.
Alamos Gold Inc. [AGI] Insider Position Details
There are presently around $2,272 million, or 67.78% 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 $146.14 million in AGI stocks shares; and FIRST EAGLE INVESTMENT MANAGEMENT, LLC, currently with $123.91 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.