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Alamos Gold Inc. (NYSE: AGI): The Stock To Invest In Over The Next Few Months

In the last trading session, 6.96 million Alamos Gold Inc. (NYSE:AGI) shares changed hands as the company’s beta touched 1.10. With the company’s per share price at $12.42 changed hands at $0.35 or 2.90% during last session, the market valuation stood at $6.47B. AGI’s last price was a discount, traded about -13.69% off its 52-week high of $14.12. The share price had its 52-week low at $6.35, which suggests the last value was 48.87% up since then. When we look at Alamos Gold Inc.’s average trading volume, we note the 10-day average is 2.28 million shares, with the 3-month average coming to 2.30 million.

Analysts gave the Alamos Gold Inc. (AGI) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended AGI as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Alamos Gold Inc.’s EPS for the current quarter is expected to be $0.13.

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Alamos Gold Inc. (NYSE:AGI) trade information

Instantly AGI was in green as seen at the end of in last trading. With action 5.17%, the performance over the past five days has been green. The jump to weekly highs of 12.45 on Friday, 09/15/23 added 2.90% to the stock’s daily price. The company’s shares are showing year-to-date upside of 22.85%, with the 5-day performance at 5.17% in the green. However, in the 30-day time frame, Alamos Gold Inc. (NYSE:AGI) is 9.91% up. Looking at the short shares, we see there were 6.3 million shares sold at short interest cover period of 2.98 days.

The consensus price target for the stock as assigned by Wall Street analysts is $14.26, meaning bulls need an upside of 12.9% from its current market value. According to analyst projections, AGI’s forecast low is $11.00 with $17.74 as the target high. To hit the forecast high, the stock’s price needs a -42.83% plunge from its current level, while the stock would need to tank 11.43% for it to hit the projected low.

Alamos Gold Inc. (AGI) estimates and forecasts

Data shows that the Alamos Gold Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 17.06% over the past 6 months, a 53.57% in annual growth rate that is considerably higher than the industry average of 19.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Alamos Gold Inc. will rise 85.70%, while the growth in revenue is estimated to hit 33.30% for the next quarter. Year-over-year growth is forecast to reach 20.00% up from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $248.2 million. 3 analysts are of the opinion that Alamos Gold Inc.’s revenue for the quarter ending Dec 2023 will be $235.03 million. The company’s revenue for the corresponding quarters a year ago was $213.6 million and $231.9 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.20%. The estimates for the next quarter sales put growth at 1.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 1.80%. The 2023 estimates are for Alamos Gold Inc. earnings to increase by 155.40%, but the outlook for the next 5-year period is at -13.89% per year.

AGI Dividends

Alamos Gold Inc. is expected to release its next quarterly earnings report in October. The 1.10% annual yield figure for the share gives it an annual dividend of 0.14. It is important to note, however, that the 1.10% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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

If we look at who the major shareholders are, we find that insiders hold 0.29% of Alamos Gold Inc. shares while 67.61% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.80%. There are 67.61% institutions holding the Alamos Gold Inc. stock share, with Van Eck Associates Corporation the top institutional holder. As of Jun 29, 2023, the company held 13.16% of the shares, roughly 52.13 million AGI shares worth $621.38 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 3.53% or 14.0 million shares worth $166.88 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were VanEck ETF Trust-VanEck Junior Gold Miners ETF and VanEck ETF Trust-VanEck Gold Miners ETF. With 21.84 million shares estimated at $280.43 million under it, the former controlled 5.51% of total outstanding shares. On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF held about 5.38% of the shares, roughly 21.33 million shares worth around $273.89 million.

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