Alamos Gold Inc. (AGI) Is Down -10.69% in 2024 With Lots of Room to Run

Alamos Gold Inc. (NYSE: AGI) is -10.69% lower on its value in year-to-date trading and has touched a low of $9.78 and a high of $14.95 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 $11.95 in the last trading session, with the day’s gains setting it 0.08%.

Currently trading at $12.03, the stock is -2.24% and -8.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 0.67% at the moment leaves the stock -4.17% off its SMA200. AGI registered 12.85% gain for a year compared to 6-month gain of 3.08%. The firm has a 50-day simple moving average (SMA 50) of $4.54 and a 200-day simple moving average (SMA200) of $9.37.

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The stock witnessed a -5.35% loss in the last 1 month and extending the period to 3 months gives it a -7.25%, and is -2.27% 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 2.33% over the week and 2.66% over the month.

Alamos Gold Inc. (AGI) has around Dec 05 2023 employees, a market worth around $4.77B and $1.00B in sales. Current P/E ratio is 23.48 and Fwd P/E is 21.74. Profit margin for the company is 20.34%. Distance from 52-week low is 23.01% and -19.53% from its 52-week high. The company has generated returns on investments over the last 12 months (7.07%).

Alamos Gold Inc. quarterly earnings per share for the current quarter are estimated at $0.11 with sales reaching $255.73M over the same period.The EPS is expected to grow by 91.86% this year, but quarterly earnings will post 23.90% year-over-year. Quarterly sales are estimated to grow 10.30% in year-over-year returns.

Alamos Gold Inc. (AGI) Top Institutional Holders

436 institutions hold shares in Alamos Gold Inc. (AGI), with institutional investors hold 68.24% of the company’s shares. The shares outstanding are 396.86M, and float is at 395.24M with Short Float at 0.51%. Institutions hold 68.05% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 52.13 million shares valued at $621.38 million. The investor’s holdings represent 13.15% of the AGI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 14.0 million shares valued at $166.88 million to account for 3.53% of the shares outstanding. The other top investors are First Eagle Investment Management, LLC which holds 9.86 million shares representing 2.49% and valued at over $117.56 million, while Royal Bank of Canada holds 2.19% of the shares totaling 8.67 million with a market value of $103.4 million.

Alamos Gold Inc. (AGI): Who are the competitors?

The company’s main competitors (and peers) include Kellanova (K) that is trading -14.83% down over the past 12 months. Barrick Gold Corp. (GOLD) that is -17.85% lower over the same period.