Alamos Gold Inc. (NYSE:AGI) currently has a daily average trading volume of 3.38M but it saw 2197048 shares traded on Thursday. With a market cap of 5.66B USD, stock’s current market price of $10.61 came falling about -0.09 while comparing to the previous closing price of $10.62. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.61 and as low as $6.35. In the recent trading on the day, stock has struck highest price mark of $10.73 while lowest mark touched by it was $10.325.
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Taking a look at 20-day trading activity of Alamos Gold Inc. (AGI) gives us an average price of $10.27, while its current price level is -8.65% below from 52-week high level whereas it is 67.09% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.65 while that of 200 days or SMA-200 reads an average of $8.68. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.41% during that period while stretching the period over a month that decreases to 2.75%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.59 which implies that the stock is in neutral territory.
Scotiabank upgraded its recommendation for the stock as a “Sector Outperform” from “Sector Perform” on November 23, 2022 while assigning a price target range of $10-$11.
Over the week, AGI’s stock price is moving 7.72% up while it is 0.47% when we observe its performance for the past one month. Year-to-date it is 4.95% up and over the past year, the stock is showing an upside performance of 29.39%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.07 beat the consensus estimate of $0.07 for the same. For AGI, analysts are forecasting an EPS-growth rate of -31.70% for current year and estimate for EPS growth in next year is 32.10%. In next quarter, company is expected to be making quarterly sales of $229.56 million as analysts are expecting the sales for current fiscal year at $821.09 million and seeing the company making $895.26 million in sales next year. Moreover, analysts are in estimates of $233.06 million for current-quarter revenue.
Currently, Alamos Gold Inc.’s total number of outstanding shares is 393.04M with 0.30% of that held by the insiders while 65.44% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.70% and return on equity (ROE) at 1.40%. It has a price to earnings ratio (P/E ratio) of 83.54 while having a 23.37 of forward P/E ratio. Stock’s beta reads 1.04. Stock has a price to book (P/B) ratio of 1.11 while price to sale or P/S ratio amounts to 4.98. Its return on asset (ROA) is 1.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that VanEck Gold Miners ETF came shrinking its share ownership by 0.28% in the Alamos Gold Inc. (AGI) increasing its stake to 5.20% with control over 56327.0 shares in the company. As per SEC documents, VanEck Gold Miners ETF sought 20,467,089 of company’s common stock of worth $208.35 million as per recent closing price of the stock. VanEck Gold Miners ETF is not the only institutional holder which restructured its stake in Alamos Gold Inc., as BlackRock Global Funds – World Go picked 16,987,783 shares of worth $172.94 million to bring its holdings to a total of 0.21 million shares. In the most recent quarter, VanEck Junior Gold Miners ETF came rising its stake by 0.96% in the company and now holds 15.62 million or 3.97% of the company’s stake having worth of about 159.0 million.
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