The stock of Alamos Gold Inc. (NYSE:AGI) increased by $0.03 on Tuesday to finish at $12.66, up 0.24 percent. The last five days have seen an average of 3,301,380 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $2.55. The average number of shares traded over the last 20 days was 2,393,955, while the average volume over the last 50 days totaled 2,286,930.
AGI stock appreciated 14.67% since last month. On 08/21/23, the company’s shares reached a one-month low of $11.08. The stock touched a high of $14.12 on 05/04/23, after rallying from a low of $6.35 in 52 weeks. The price of AGI stock has risen by 25.22% or $2.55 this year, reaching a new high 21 times. Still, the stock price is down -10.34% from the 52-week high.
Valuation Metrics
Alamos Gold Inc. (AGI) has a trailing price-to-earnings (P/E) ratio of 22.89. Beta for the stock is 1.10. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.10, the price-to-book (PB) ratio of 1.30, and the price-to-cash flow ratio of 27.98.
Company paid $0.0250 per share in dividends, remained unchanged from $0.0250 last year. A $0.0050 dividend increase was reported on Sunday March 14 2021.
Financial Health
For the three months ended June 29, Alamos Gold Inc.’s quick ratio was 1.30, while its current ratio was 2.50, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 54.60% percent. Alamos Gold Inc.’s EBITDA margin for the year ended June 29 was 39.11%, whereas its operating margin stood at 26.60% for the same period. Based on annual data, it had gross profit of $426.8 million and revenue of $821.2 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AGI’s return on assets (ROA) during the last 12 months has been 4.40%. There was a 1.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.90%.
Earnings Surprise
According to Alamos Gold Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $241.1 million, while revenues rose by 100.0% to $185.1 million. It was predicted that Alamos Gold Inc.’s quarterly earnings would be $0.15, but it ended up being $0.13, beating the consensus by 15.40%. EBITDA was $134.7 million for the quarter. At the end of Alamos Gold Inc.’s most recent quarter ended June 29, its liabilities totaled 993.7 million, while its total debt was $0.4 million.
Technical Picture
Here’s a quick look at Alamos Gold Inc.’s (AGI) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 68.20%, suggesting the stock is Neutral, with a 33.31% historical volatility rate.
The stochastic %K and %D were 62.68% and 48.51% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 69.01%, the RSI (14) reading is 62.04%. On the 9-day MACD Oscillator, the stock is at 0.43, and the 14-day reading is at 0.34.
Analyst Ratings
Analysts have assigned Alamos Gold Inc. (AGI) an Overweight rating. AGI is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.
What is AGI’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $17.74, with a median target price of $14.06. In analyzing these forecasts, the average price target given by analysts for Alamos Gold Inc. (AGI) is $14.42.
