Alamos Gold Inc. (NYSE:AGI) does about 3.74M shares in volume on a normal day but saw 1983913 shares change hands in Monday trading. The company now has a market cap of 5.82B USD. Its current market price is $11.18, remained unchanged the previous close of $11.18. The 52 week high reached by this stock is $11.38 whilst the lowest price level in 52 weeks is $6.35. The script in recent trading has seen the stock touch a high of $11.18 and a low of $10.95.
Alamos Gold Inc. (AGI) has a 20-day trading average at $10.64 and the current price is -1.76% off the 52-week high compared with 76.06% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.94 and its 200-day simple moving average is $8.18. If we look at the stock’s price movements over the week, volatility stands at 3.49%, which decreases to 3.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 68.79 to suggest the stock is neutral.
The consensus objective for the share price is $10.25, suggesting that the stock has a potential downside of -9.07% over the period. The median price target is 6.29% away from the current levels at $11.93.
Scotiabank upgraded the stock to “Sector Outperform” from Sector Perform on November 23, 2022 at a price target of $10-$11.
The current price level is 5.70%, 13.08%, and 36.84% away from its SMA20, SMA50, and SMA200 respectively, with the AGI price moving below the 50-day SMA on January 23. Alamos Gold Inc. (AGI) stock is up 1.64% over the week and 13.50% over the past month. Its price is 10.58% year-to-date and 55.49% over the past year.
The company’s next earnings report is expected on 05/03/2023, with forecasts estimating quarterly EPS at $0.09 and $0.26 for whole year. AGI’s earnings per share are forecast to shrink by -36.60% this year and 26.90% over next year. In addition, estimates put the company’s current quarterly revenue at an average of $228.11 million.
Its 12-month price target is $11.93. To reach the target analysts have set, the stock logically needs to shrink -9.07 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $9.75, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $13.25.
The company has a return on investment of -2.00% and return on equity of 1.00%. The price to earnings ratio (P/E ratio) amounts to 125.62 while the forward price to earnings ratio is 31.49. The beta has a value of 1.07. Price to book ratio is 1.22 and price to sales ratio is 5.46.
According to a U.S. Securities and Exchange Commission filing, VanEck Gold Miners ETF has added its position in Alamos Gold Inc. (AGI) to 20,410,593 shares, mirroring a recent increase by 0.31%. VanEck Gold Miners ETF added 63570.0 shares of Alamos Gold Inc. common stock bringing its total worth to about $206.35 million at the end of recent close, SEC documents show. VanEck Gold Miners ETF isn’t the only investment manager who changed stakes and is followed by BlackRock Global Funds – World Go, which sold off -1.44 million shares to end up with 17,159,892 shares worth $173.49 million.