A Technical View of the Alamos Gold Inc. (AGI)

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Alamos Gold Inc. (NYSE:AGI) saw an upside of 1.70% to close Tuesday at $11.37 after adding $0.19 on the day. The 5-day average trading volume is 3,146,820 shares of the company’s common stock. It has gained $11.44 in the past week and touched a new high 4 times within the past 5 days. An average of 3,429,860 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,645,170.

AGI’s 1-month performance is 13.70% or $1.38 on its low of $9.98 reached on 12/28/22. The company’s shares have touched a 52-week low of $6.35 and high of $11.38, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, AGI has achieved 12.46% or $1.26 and has reached a new high 6 times. However, the current price is down -0.09% from the 52-week high price.

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Valuation Metrics

AGI stock has a beta of 1.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.55 while the price-to-book (PB) in the most recent quarter is 1.24, with the price to cash flow ratio at 17.58.

Alamos Gold Inc.’s quick ratio for the period ended September 29 was 1.20, with the current ratio over the same period at 2.40.. In terms of profitability, the gross margin trailing 12 months is 50.70%. The firm’s gross profit as reported stood at $472.1 million against revenue of $823.6 million.

Earnings Surprise

For the quarterly period ending September 29 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 $0.07 per share in earnings in its latest quarter, but it posted $0.07, representing a 0.00% surprise. EBITDA for the quarter stood at more than $79.8 million. AGI stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 925.2 million, with total debt at $2.9 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 24 January was 75.58% to suggest the stock is trending Overbought, with historical volatility in this time period at 23.00%.

The stock’s 5-day moving average is $11.09, reflecting a +5.67% or $0.61 change from its current price. AGI is currently trading +13.59% above its 20-day SMA, +55.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +37.15% and SMA200 by+35.04%.

Stochastic %K and %D was 86.85% and 79.12% and the average true range (ATR) pointed at 0.35. The RSI (14) points at 71.68%, while the 14-day stochastic is at 92.55% with the period’s ATR at 0.34. The stock’s 9-day MACD Oscillator is pointing at 0.23 and 0.30 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Alamos Gold Inc. (NYSE: AGI), Canaccord Genuity downgraded it to a Hold rating. They previously had a Buy rating on the stock.

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