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.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

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.