330 institutions hold shares in Alamos Gold Inc. (AGI), with 1.18M shares held by insiders accounting for 0.30% while institutional investors hold 74.86% of the company’s shares. The shares outstanding are 392.73M, and float is at 390.99M with Short Float at 0.82%. Institutions hold 74.64% of the Float.
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The top institutional shareholder in the company is Van Eck Associates Corporation with over 44.81 million shares valued at $392.06 million. The investor’s holdings represent 11.41% of the AGI Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 11.35 million shares valued at $100.02 million to account for 2.89% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 10.33 million shares representing 2.63% and valued at over $90.36 million, while Franklin Resources, Inc. holds 2.32% of the shares totaling 9.12 million with a market value of $79.82 million.
Alamos Gold Inc. (NYSE: AGI) is -11.54% lower on its value in year-to-date trading and has touched a low of $3.34 and a high of $11.58 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AGI stock was last observed hovering at around $7.42 in the last trading session, with the day’s gains setting it 0.32% off its average median price target of $12.08 for the next 12 months. It is also 51.96% off the consensus price target high of $16.11 offered by 14 analysts, but current levels are 10.93% higher than the price target low of $8.69 for the same period.
Currently trading at $7.74, the stock is -3.03% and -9.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.03 million and changing 4.31% at the moment leaves the stock -14.11% off its SMA200. AGI registered 11.05% gain for a year compared to 6-month loss of -25.43%. The firm has a 50-day simple moving average (SMA 50) of $8.25 and a 200-day simple moving average (SMA200) of $8.99.
The stock witnessed a -4.33% gain in the last 1 month and extending the period to 3 months gives it a -10.93%, and is -5.03% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.44% over the week and 4.36% over the month.
Alamos Gold Inc. (AGI) has around 1700 employees, a market worth around $3.04B and $707.50M in sales. Current P/E ratio is 29.77 and Fwd P/E is 24.97. Distance from 52-week low is 131.74% and -33.16% from its 52-week high.
Alamos Gold Inc. (AGI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Alamos Gold Inc. (AGI) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.20, where 4 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Alamos Gold Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $167.43M over the same period.The EPS is expected to grow by 53.80% this year, but quarterly earnings will post 18.20% year-over-year. Quarterly sales are estimated to grow 38.40% in year-over-year returns.
Alamos Gold Inc. (AGI): Who are the competitors?
The company’s main competitors (and peers) include Kellogg Company (K) that is trading -9.55% down over the past 12 months. Yamana Gold Inc. (AUY) is -0.86% down on the 1-year trading charts. Short interest in the company’s stock has risen 33.13% from the last report on Dec 30, 2020 to stand at a total of 2.14 million short shares sold with a short interest ratio of 1.15.