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3 times Within The Past Five Days, Alamos Gold Inc. (AGI) Hit A New High

Alamos Gold Inc. (NYSE:AGI) finished Thursday with an addition of $0.62 to close at $7.59, an upside of 8.90 percent. An average of 3,757,160 shares of…

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This article was originally published by Fosters Leader

Alamos Gold Inc. (NYSE:AGI) finished Thursday with an addition of $0.62 to close at $7.59, an upside of 8.90 percent. An average of 3,757,160 shares of common stock have been traded in the last five days. There was a gain of $0.60 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 3,898,350 shares traded, while the 50-day average volume stands at 3,443,028.

AGI stock has decreased by -14.14% in the last month. The company shares reached their 1-month lowest point of $6.76 on 05/12/22. With the stock rallying to its 52-week high on 04/18/22, shares of the company touched a low of $6.51 and a high of $9.38 in 52 weeks. It has reached a new high 15 times so far this year and lost -1.30% or -$0.10 in price. In spite of this, the price is down -19.04% from the 52-week high.

Valuation Metrics

Alamos Gold Inc. (AGI) stock’s beta is 1.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.75, the price-to-book (PB) ratio at 0.84, and the price-to-cash flow ratio at 12.28.

Financial Health

The quick ratio of Alamos Gold Inc. for the three months ended March 30 was 1.70, and the current ratio was 3.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Its gross profit as reported stood at $472.1 million compared to revenue of $823.6 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Alamos Gold Inc.’s return on assets was -3.50%.

Earnings Surprise

For the three-month period that ended March 30, Alamos Gold Inc. had $1.83 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $8.1 million in the quarter, while revenues of $14.6 million were grew 100.0%. The analyst consensus anticipated Alamos Gold Inc.’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0.05, a -16.70% surprise. For the quarter, EBITDA amounted to $70.3 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Alamos Gold Inc. (AGI) price momentum. RSI 9-day as of the close on 19 May was 53.95%, suggesting the stock is Neutral, with historical volatility in this time frame at 62.09%.

As of today, AGI’s price is $7.18 +8.58% or $0.60 from its 5-day moving average. AGI is currently trading -10.92% lower than its 20-day SMA and +1.07% higher than its 100-day SMA. However, the stock’s current price level is -9.32% below the SMA50 and -9.54% below the SMA200.

The stochastic %K and %D were 36.78% and 29.09%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 63.36% and the average true range at 0.34, the RSI (14) stands at 48.78%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.13.

Analyst Ratings

National Bank Financial upgraded Alamos Gold Inc. (NYSE: AGI) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Alamos Gold Inc. (AGI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AGI, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.

What is AGI’s price target for the next 12 months?

Analysts predict a range of price targets between $7.50 and $13.76, with a median target of $10.08. Taking a look at these predictions, the average price target given by analysts for Alamos Gold Inc. (AGI) stock is $10.08.


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