Is Alamos Gold Inc. (AGI) a good stock to buy now?

Alamos Gold Inc. (NYSE: AGI) is 55.83% higher on its value in year-to-date trading and has touched a low of $11.24 and a high of $21.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AGI stock was last observed hovering at around $20.07 in the last trading session, with the day’s gains setting it 0.92%.

Currently trading at $20.99, the stock is 4.91% and 7.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.03 million and changing 4.58% at the moment leaves the stock 31.90% off its SMA200. AGI registered 66.59% gain for a year compared to 6-month gain of 37.19%. The firm has a 50-day simple moving average (SMA 50) of $19.5478 and a 200-day simple moving average (SMA200) of $15.913.

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The stock witnessed a 3.40% loss in the last 1 month and extending the period to 3 months gives it a 22.39%, and is 7.09% up 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 2.42% over the week and 2.28% over the month.

Alamos Gold Inc. (AGI) has around 57 employees, a market worth around $8.81B and $1.12B in sales. Current P/E ratio is 42.17 and Fwd P/E is 18.45. Profit margin for the company is 17.73%. Distance from 52-week low is 86.74% and -2.01% from its 52-week high. The company has generated returns on investments over the last 12 months (6.49%).

with sales reaching $337.05M over the same period.The EPS is expected to grow by 53.34% this year, but quarterly earnings will post 28.60% year-over-year. Quarterly sales are estimated to grow 31.90% in year-over-year returns.

Alamos Gold Inc. (AGI) Top Institutional Holders

483.0 institutions hold shares in Alamos Gold Inc. (AGI), with institutional investors hold 69.70% of the company’s shares. The shares outstanding are 419.72M, and float is at 417.76M with Short Float at 1.12%. Institutions hold 69.51% of the Float.

The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 45.79 million shares valued at $717.96 million. The investor’s holdings represent 11.5388% of the AGI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.92 million shares valued at $233.93 million to account for 3.7596 of the shares outstanding. The other top investors are ROYAL BANK OF CANADA which holds 11.76 million shares representing 2.9628% and valued at over $184.35 million, while FIRST EAGLE INVESTMENT MANAGEMENT, LLC holds 2.0329 of the shares totaling 8.07 million with a market value of $126.56 million.