Alamos Gold Inc. (NYSE:AGI) finished Friday with a subtraction of -$0.14 to close at $11.29, a downside of -1.22 percent. An average of 2,125,000 shares of common stock have been traded in the last five days. There was a fall of -$0.70 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 2,405,800 shares traded, while the 50-day average volume stands at 2,295,424.
AGI stock has decreased by -12.75% in the last month. The company shares reached their 1-month lowest point of $11.19 on 09/29/23. With the stock rallying to its 52-week high on 05/04/23, shares of the company touched a low of $6.93 and a high of $14.12 in 52 weeks. It has reached a new high 21 times so far this year and achieved 11.67% or $1.18 in price. In spite of this, the price is down -20.04% from the 52-week high.
Valuation Metrics
Alamos Gold Inc. (AGI) has a trailing price-to-earnings (P/E) ratio of 27.54. The stock’s beta is 1.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.67, the price-to-book (PB) ratio at 1.57, and the price-to-cash flow ratio at 49.15.
The company has a payout ratio of 106.25%. The company’s most recent quarterly dividend payment was $0.0250 a share, without any change from last year. Its latest increase dividend $0.0050 reported on Sunday March 14 2021.
Financial Health
The quick ratio of Alamos Gold Inc. for the three months ended June 29 was 1.26, and the current ratio was 2.52, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $426.8 million compared to revenue of $821.2 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Alamos Gold Inc.’s return on assets was 4.38%.
Earnings Surprise
For the three-month period that ended June 29, Alamos Gold Inc. had $1.83 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $8.1 million in the quarter, while revenues of $14.6 million were grew 100.0%. The analyst consensus anticipated Alamos Gold Inc.’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.15, a 15.40% surprise. For the quarter, EBITDA amounted to $134.7 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Alamos Gold Inc. (AGI) price momentum. RSI 9-day as of the close on 29 September was 29.72%, suggesting the stock is oversold, with historical volatility in this time frame at 36.32%.
As of today, AGI’s price is $11.48 -5.84% or -$0.70 from its 5-day moving average. AGI is currently trading -12.07% lower than its 20-day SMA and -18.31% lower than its 100-day SMA. However, the stock’s current price level is -9.54% below the SMA50 and +14.16% above the SMA200.
The stochastic %K and %D were 8.56% and 8.32%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 5.68% and the average true range at 0.35, the RSI (14) stands at 36.14%. The stock has reached -0.57 on the 9-day MACD Oscillator while the 14-day reading was at -0.67.
Analyst Ratings
The consensus rating for Alamos Gold Inc. (AGI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AGI, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is AGI’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $17.74, with a median target of $14.06. Taking a look at these predictions, the average price target given by analysts for Alamos Gold Inc. (AGI) stock is $14.20.
