Alamos Gold Inc. (NYSE: AGI) Stock: Boom Or Bust? What Happens Next? – Marketing Sentinel
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Alamos Gold Inc. (NYSE: AGI) Stock: Boom Or Bust? What Happens Next?

During the recent session, Alamos Gold Inc. (NYSE:AGI)’s traded shares were 1.9 million, with the beta value of the company hitting 1.04. At the last check today, the stock’s price was $7.84, reflecting an intraday gain of 4.12% or $0.31. The 52-week high for the AGI share is $9.22, that puts it down -17.6 from that peak though still a striking 16.96% gain since the share price plummeted to a 52-week low of $6.51. The company’s market capitalization is $3.39B, and the average intraday trading volume over the past 10 days was 6.13 million shares, and the average trade volume was 4.84 million shares over the past three months.

Alamos Gold Inc. (NYSE:AGI) trade information

Alamos Gold Inc. (AGI) registered a 4.12% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.12% in intraday trading to $7.84 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 6.21%, and it has moved by 6.51% in 30 days. Based on these gigs, the overall price performance for the year is -7.49%. The short interest in Alamos Gold Inc. (NYSE:AGI) is 8.38 million shares and it means that shorts have 1.45 day(s) to cover.

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The consensus price target of analysts on Wall Street is $10.08, which implies an increase of 22.22% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.50 and $12.45 respectively. As a result, AGI is trading at a discount of -58.8% off the target high and 4.34% off the low.

Alamos Gold Inc. (AGI) estimates and forecasts

Statistics show that Alamos Gold Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Alamos Gold Inc. (AGI) shares have gone up 9.93% during the last six months, with a year-to-date growth rate less than the industry average at -9.76% against 6.60. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -10.00% this quarter and then jump 22.20% in the quarter after that. In the rating firms’ projections, revenue will increase 3.10% compared to the previous financial year.

Revenue for the current quarter is expected to be $232.84 million as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $241.45 million by the end of Dec 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $198 million and $203.1 million respectively. In this case, analysts expect current quarter sales to grow by 17.60% and then jump by 18.90% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -20.30%. While earnings are projected to return -146.50% in 2022, the next five years will return -6.32% per annum.

AGI Dividends

Alamos Gold Inc. is due to release its next quarterly earnings between April 26 and May 02. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Alamos Gold Inc. is 0.13, with the dividend yield indicating at 1.71 percent, continuing the trend of increasing dividends in recent years.

Alamos Gold Inc. (NYSE:AGI)’s Major holders

Alamos Gold Inc. insiders own 0.30% of total outstanding shares while institutional holders control 63.92%, with the float percentage being 64.11%. Van Eck Associates Corporation is the largest shareholder of the company, while 368 institutions own stock in it. As of Mar 30, 2022, the company held over 41.52 million shares (or 10.60% of all shares), a total value of $349.6 million in shares.

The next largest institutional holding, with 12.82 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.27% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $107.95 million.

Also, the Mutual Funds coming in first place with the largest holdings of Alamos Gold Inc. (AGI) shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Jun 29, 2022 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 20.78 million shares. This amounts to just over 5.30 percent of the company’s overall shares, with a $145.85 million market value. The same data shows that the other fund manager holds slightly less at 14.86 million, or about 3.79% of the stock, which is worth about $104.33 million.

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