Alamos Gold Inc. (NYSE:AGI) traded at $17.25 at close of the session on Tuesday, May 21, made an upward move of 0.23% on its previous day’s price.
Looking at the stock we see that its previous close was $17.21 . The company has a trailing 12-month PE ratio of 33.73. In terms of its 52-week price range, AGI has a high of $17.28 and a low of $10.78. The company’s stock has gained about 16.87% over that past 30 days.
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Alamos Gold Inc. has a market cap of $6.85 billion. With its Forward Dividend at 0.10 and a yield of 0.58%, the company’s investors could be anxious for the AGI stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.17, with the EPS growth for the year raised at $0.72 for 2024 and $0.88 for next year. These figures represent 35.80% and 22.20% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $268.98 million, with a low of $268.98 million and a high of $268.98 million. The median projection represents growth squeezing down to 7.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.18 billion, or 15.30% up from figures reported last year.
On the other hand, looking at the outlook for the AGI stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 10.99% off its SMA20 and 16.25% from its 50-day simple moving average. The RSI (14) is pointing at 76.95 while the volatility over the past week is 2.94% and jumps to 3.00% over the past one month. The beta value is 1.24, while the average true range (ATR) is currently pointing at 0.48.
Coming back to Alamos Gold Inc. (NYSE:AGI), we note that the average 3-month trading volume was 2.65 million. Current shares outstanding are 396.96 million.
The insiders hold 0.50% of the company’s shares while institutions hold 60.65%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 28.06% up in year-to-date price movement.
