Alamos Gold Inc. (AGI) Stock: Should Investors Follow These Insider Trades?

Alamos Gold Inc. (NYSE:AGI) saw a downside of -2.18% to close Tuesday at $12.11 after subtracting -$0.27 on the day. The 5-day average trading volume is 2,686,940 shares of the company’s common stock. It has gained $12.95 in the past week and touched a new high 2 times within the past 5 days. An average of 2,655,995 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,121,608.

AGI’s 1-month performance is -6.34% or -$0.82 on its low of $12.05 reached on 05/30/23. The company’s shares have touched a 52-week low of $6.35 and high of $14.12, with the stock’s rally to the 52-week high happening on 05/04/23. YTD, AGI has achieved 19.78% or $2.00 and has reached a new high 21 times. However, the current price is down -14.24% from the 52-week high price.

Valuation Metrics

AGI stock has a beta of 1.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.36 while the price-to-book (PB) in the most recent quarter is 1.27, with the price to cash flow ratio at 57.21.

Alamos Gold Inc.’s quick ratio for the period ended March 30 was 1.20, with the current ratio over the same period at 2.50. In terms of profitability, the gross margin trailing 12 months is 53.30%. The trailing 12-month EBITDA margin is 39.11% while for the period ending March 30, Alamos Gold Inc.’s operating margin was 21.60%. The firm’s gross profit as reported stood at $426.8 million against revenue of $821.2 million.

Earnings Surprise

For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to $8.1 million, while revenue of $14.6 million was -80.25% off the previous quarter. Analysts expected AGI to announce $0.1 per share in earnings in its latest quarter, but it posted $0.12, representing a 20.00% surprise. EBITDA for the quarter stood at more than $121.3 million. AGI stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 966.9 million, with total debt at $0.4 million.

Let’s look briefly at Alamos Gold Inc. (AGI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 May was 27.98% to suggest the stock is trending oversold, with historical volatility in this time period at 29.62%.

The stock’s 5-day moving average is $12.43, reflecting a -4.27% or -$0.54 change from its current price. AGI is currently trading -7.13% above its 20-day SMA, +11.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.98% and SMA200 by+53.29%.

Stochastic %K and %D was 5.83% and 5.98% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 35.24%, while the 14-day stochastic is at 3.37% with the period’s ATR at 0.38. The stock’s 9-day MACD Oscillator is pointing at -0.29 and -0.58 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for AGI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AGI as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is AGI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $17.63, with their median price target at $14.46. Looking at these predictions, the average price target given by analysts is for Alamos Gold Inc. (AGI) stock is $14.37.

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