Analyzing Alamos Gold Inc. (AGI) By Technical Indicators

As of Wednesday close, Alamos Gold Inc.’s (NYSE:AGI) stock was up $0.15, moving up 1.52 percent to $10.00. The average number of shares traded per day over the past five days has been 4,385,600 shares. 4 times new highs have been achieved over the past 5 days, with a $0.08 gain in that time frame. In the last twenty days, the average volume was 3,746,545, while in the previous 50 days, it was 3,738,790.

Since last month, AGI stock rose 11.11%. Shares of the company fell to $9.08 on 11/22/22, the lowest level in the past month. A 52-week high of $10.36 was reached on 12/13/22 after having rallying from a 52-week low of $6.35. Since the beginning of this year, AGI’s stock price has risen by 30.04% or $2.31, and marked a new high 24 times. However, the stock has declined by -3.47% since its 52-week high.

Valuation Metrics

Right now, Alamos Gold Inc. (AGI) has a P/E ratio of about 111.11. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 4.88, the price-to-book (PB) ratio of 1.07, and the price-to-cash flow ratio of 15.45 may also be considered.

The latest dividend of $0.0250 per share was paid out, remained unchanged from last year’s $0.0250. On Sunday March 14 2021, a $0.0050 dividend increase was announced.

Financial Health

In the three months ended September 29, Alamos Gold Inc.’s quick ratio stood at 1.20, while its current ratio was 2.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 50.70% percent. In the year ended September 29, operating margins totaled 12.60%. Based on annual data, AGI earned $472.1 million in gross profit and brought in $823.6 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.00%. Return on equity (ROE) for the past 12 months was 1.00%.

In Alamos Gold Inc.’s quarter-end financial report for September 29, it reported total debt of $1.83 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AGI’s revenue rose 100.0% to $185.1 million during the quarter, while net income inched up to $241.1 million. While analysts expected Alamos Gold Inc. to report $0.07 quarterly earnings, the actual figure was $0.07 per share. During the quarter, the company generated $79.8 million in EBITDA. The liabilities of Alamos Gold Inc. were 925.2 million at the end of its most recent quarter ended September 29, and its total debt was $2.9 million.

Technical Picture

This quick technical analysis looks at Alamos Gold Inc.’s (AGI) price momentum. With a historical volatility rate of 38.15%, the RSI 9-day stood at 60.37% on 21 December.

With respect to its five-day moving average, the current Alamos Gold Inc. price is up by +0.81% percent or $0.08. At present, AGI shares trade +5.93% above its 20-day simple moving average and +28.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +33.33% above its SMA50 and +18.62% above its SMA200.

Stochastic coefficient K was 38.02% and Stochastic coefficient D was 29.04%, while ATR was 0.33. Given the Stochastic reading of 61.08% for the 14-day period, the RSI (14) reading has been calculated as 60.67%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at -0.04.

Analyst Ratings

Scotiabank upgraded its rating on Alamos Gold Inc. (NYSE: AGI) to a Sector outperform in a note to investors on November 23, 2022. The analysts firm previously had a Sector perform rating on the stock.Alamos Gold Inc. (AGI) has been rated Overweight by analysts. According to 0 brokerage firms, AGI is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Alamos Gold Inc. stock as buy, with 8 recommending it as overweight.

With a median target price of $10.61, the current consensus forecast for the stock is $9.00 – $11.91. Based on these forecasts, analysts predict Alamos Gold Inc. (AGI) will achieve an average price target of $10.48.

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