Alamos Gold Inc. (NYSE:AGI) has a beta value of 0 and has seen 1,691,047 shares traded in the recent trading session. The company, currently valued at $3.35 Billion, closed the recent trade at $8.46 per share which meant it gained $0.46 on the day or 5.75% during that session. The AGI stock price is -36.88% off its 52-week high price of $11.58 and 17.02% above the 52-week low of $7.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.25 Million shares traded. The 3-month trading volume is 3.09 Million shares.
The consensus among analysts is that Alamos Gold Inc. (AGI) is an Overweight stock at the moment, with a recommendation rating of 2.2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 4 out of 14 have rated it as a Hold, with 9 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.05.
Alamos Gold Inc. (NYSE:AGI) trade information
Sporting 5.75% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the AGI stock price touched $8.62-1 or saw a rise of 1.97%. Year-to-date, Alamos Gold Inc. shares have moved -3.43%, while the 5-day performance has seen it change -1.74%. Over the past 30 days, the shares of Alamos Gold Inc. (NYSE:AGI) have changed 3.55%. Short interest in the company has seen 2.54 Million shares shorted with days to cover at 0.82.
Wall Street analysts have a consensus price target for the stock at $11.64, which means that the shares’ value could jump 37.59% from the levels at last check today. The projected low price target is $8 while the price target rests at a high of $16.27. In that case, then, we find that the latest price level in today’s session is +92.32% off the targeted high while a plunge would see the stock lose -5.44% from the levels at last check today.
Alamos Gold Inc. (AGI) estimates and forecasts
Figures show that Alamos Gold Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -1.48% over the past 6 months, with this year growth rate of 50%, compared to 11% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 600% and 25% for the next quarter. Revenue growth from the last financial year stood is estimated to be +18.2%.
2 analysts offering their estimates for the company have set an average revenue estimate of $167.43 Million for the current quarter. 1 have an estimated revenue figure of $164.57 Million for the next quarter concluding in June 01, 2018. Year-ago sales stood $121Million and $131.3 Million respectively for this quarter and the next, and analysts expect sales will grow by 38.4% for the current quarter and 25.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -28.13% over the past 5 years. Earnings growth for 2021 is a modest +53.8%.
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Alamos Gold Inc. is expected to release its next earnings report between July 27 and August 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.1 at a share yield of 1.25%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.46%.
Alamos Gold Inc. (NYSE:AGI)’s Major holders
Insiders own 0.3% of the company shares, while shares held by institutions stand at 70.29% with a share float percentage of 70.5%. Investors are also buoyed by the number of investors in a company, with Alamos Gold Inc. having a total of 338 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 44.81 Million shares worth more than $392.06 Million. As of December 30, 2020, Van Eck Associates Corporation held 11.41% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 11.37 Million shares as of December 30, 2020. The firm’s total holdings are worth over $99.5 Million and represent 2.9% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck Vectors ETF Tr-Gold Miners ETF and VanEck Vectors ETF Tr-Junior Gold Miners ETF. As of March 30, 2021, the former fund manager holds about 4.9% shares in the company for having 19247455 shares of worth $150.32 Million while later fund manager owns 17.82 Million shares of worth $139.18 Million as of March 30, 2021, which makes it owner of about 4.54% of company’s outstanding stock.