Alamos Gold Inc. (NYSE: AGI) Stock: Looks Like An Option To Consider

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Alamos Gold Inc. (NYSE:AGI) price on Thursday, December 09, fall -3.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.22.

A look at the stock’s price movement, the level at last check in today’s session was $7.47, moving within a range at $7.38 and $7.505. The beta value (5-Year monthly) was 1.08. Turning to its 52-week performance, $9.87 and $6.94 were the 52-week high and 52-week low respectively. Overall, AGI moved -6.63% over the past month.

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Alamos Gold Inc.’s market cap currently stands at around $3.73 billion, with investors looking forward to this quarter’s earnings report slated for Feb 22, 2022 – Feb 28, 2022. The company has a Forward Dividend ratio of 0.10, with its dividend yield at 1.34%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.12, which has seen fiscal year 2021 EPS growth forecast to increase to $0.43 and about $0.44 for fiscal year 2022.

Analysts have a consensus estimate of $224.25 million for the company’s revenue for the quarter, with a low and high estimate of $204.45 million and $242 million respectively.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that AGI is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 8 recommend AGI as a Buy and 0 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

AGI’s current price about -9.55% and -7.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.70, while 7-day volatility ratio is 3.19% and 3.46% in the 30-day chart. Further, Alamos Gold Inc. (AGI) has a beta value of 1.08, and an average true range (ATR) of 0.28. Analysts have given the company’s stock an average 52-week price target of $10.72, forecast between a low of $7.50 and high of $16.21. Looking at the price targets, the low is -3.88% off recent price level in today’s trading while to achieve the yearly target high, it has to move -124.52%. Nonetheless, investors will most likely welcome a -51.94% jump to $10.97 which is the analysts’ median price.

In the market, a comparison of Alamos Gold Inc. (AGI) and its peers suggest the former has performed considerably weaker. Data shows AGI’s intraday price has changed -3.41% today and -19.24% over the past year. Comparatively, Kellogg Company (K) has moved -0.76% so far today and only -0.85% in the past 12 months. Looking at another peer, we see that Barrick Gold Corporation (GOLD) price has dipped -1.96% on the day. However, the stock is -20.61% off its price today a year ago. Moreover, Yamana Gold Inc. (AUY) is also down -1.86% in today’s trading while keeping a a downtrend of -29.05% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.32% and -0.10% respectively on the day as seen in early trades.

If we refocus on Alamos Gold Inc. (NYSE:AGI), historical trading data shows that trading volumes averaged 2.84 million over the past 3 months. The company’s latest data on shares outstanding shows there are 392.74 million shares.

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The 0.30% of Alamos Gold Inc.’s shares are in the hands of company insiders while institutional holders own 69.05% of the company’s shares. Current price change has pushed the stock -14.63% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AGI stock continues to rise going into the next quarter.