Alamos Gold Inc. (NYSE:AGI) has a beta value of 1.20 and has seen 0.72 million shares traded in the recent trading session. The company, currently valued at $8.41B, closed the recent trade at $20.03 per share which meant it gained $0.37 on the day or 1.88% during that session. The AGI stock price is -6.94% off its 52-week high price of $21.42 and 43.88% above the 52-week low of $11.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.03 million shares traded. The 3-month trading volume is 2.33 million shares.
The consensus among analysts is that Alamos Gold Inc. (AGI) is Buy stock at the moment, with a recommendation rating of 1.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 8 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.22.
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Alamos Gold Inc. (NYSE:AGI) trade information
Sporting 1.88% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AGI stock price touched $20.03 or saw a rise of 1.04%. Year-to-date, Alamos Gold Inc. shares have moved 48.70%, while the 5-day performance has seen it change 4.49%. Over the past 30 days, the shares of Alamos Gold Inc. (NYSE:AGI) have changed -2.01%. Short interest in the company has seen 4.68 million shares shorted with days to cover at 1.65.
Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could drop -11.28% from the levels at last check today. The projected low price target is $18.0 while the price target rests at a high of $18.0. In that case, then, we find that the latest price level in today’s session is 10.13% off the targeted high while a plunge would see the stock lose 10.13% 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 gained 34.07% over the past 6 months, with this year growth rate of 39.62%, compared to 22.30% for the industry. Revenue growth from the last financial year stood is estimated to be 28.60%.
2 analysts offering their estimates for the company have set an average revenue estimate of 337.05M for the current quarter. 1 have an estimated revenue figure of 358.8M for the next ending quarter. Year-ago sales stood 255.45M and 254.6M respectively for this quarter and the next, and analysts expect sales will grow by 31.90% for the current quarter and 28.60% for the next.
Earnings growth for 2024 is a modest 52.75% while over the next 5 years, the company’s earnings are expected to increase by 29.46%.
AGI Dividends
Alamos Gold Inc. is expected to release its next earnings report on 2024-Nov-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.10 at a share yield of 0.50%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.89%.
Alamos Gold Inc. (NYSE:AGI)’s Major holders
Insiders own 0.27% of the company shares, while shares held by institutions stand at 69.50% with a share float percentage of 69.69%. Investors are also buoyed by the number of investors in a company, with Alamos Gold Inc. having a total of 484.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 45.79 million shares worth more than $717.96 million. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 11.5388% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 14.92 million shares as of 2024-06-30. The firm’s total holdings are worth over $233.93 million and represent 3.7596% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. As of Sep 30, 2024, the former fund manager holds about 4.57% shares in the company for having 19.21 shares of worth $384.1 million while later fund manager owns 18.41 shares of worth $368.1 million as of Sep 30, 2024, which makes it owner of about 4.38% of company’s outstanding stock.
