Alamos Gold Inc. [AGI] stock is trading at $14.75, up 1.37%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AGI shares have gain 8.30% over the last week, with a monthly amount glided 27.82%, and seem to be holding up well over a long-time horizon.
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On 27, March 2024, ORFORD SHAREHOLDERS APPROVE PLAN OF ARRANGEMENT. In a post published today on Yahoo Finance, Orford Mining Corporation (TSXV: ORM) (“Orford” or the “Company”) is pleased to announce that at its special shareholder meeting held today (the “Meeting”), Orford obtained the requisite shareholder approval of its previously announced proposed plan of arrangement pursuant to which Alamos Gold Inc. (TSX: AGI, NYSE: AGI) (“Alamos”) will acquire all of the outstanding common shares of Orford (“Orford Shares”) not already owned by Alamos (the “Arrangement”). For further details of the Arrangement, please refer to the Company’s press releases dated January 15, 2024 and March 20, 2024, and the management information circular of the Company dated February 23, 2024, in respect of the Meeting, each available on SEDAR+ under Orford’s profile at www.sedarplus.com.
From an analyst’s perspective:
Alamos Gold Inc. [NYSE: AGI] stock has seen the most recent analyst activity on February 29, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $14. Previously, RBC Capital Mkts upgraded its rating to Outperform on January 11, 2024. On October 24, 2023, Desjardins initiated with a Hold rating. TD Securities downgraded its rating to a Hold. Canaccord Genuity downgraded its rating to Hold for this stock on January 19, 2023. In a note dated November 23, 2022, Scotiabank upgraded an Sector Outperform rating on this stock and boosted its target price from $10 to $11.
Alamos Gold Inc. [AGI] stock has fluctuated between $10.78 and $14.95 over the past year. Alamos Gold Inc. [NYSE: AGI] shares were valued at $14.75 at the most recent close of the market.
Analyzing the AGI fundamentals
Alamos Gold Inc. [NYSE:AGI] reported sales of 1.02B for the trailing twelve months, which represents a growth of 9.79%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.60 points at the first support level, and at 14.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.88, and for the 2nd resistance point, it is at 15.01.
Alamos Gold Inc. [AGI] reported earnings per share of $0.12 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.14 per share as compared to estimates of $0.12 per share, a difference of $0.02 representing a surprise of 16.70%.
Ratios To Look Out For
For context, Alamos Gold Inc.’s Current Ratio is 2.36. As well, the Quick Ratio is 1.27, while the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 5.72, the price to book ratio is 2.00 and price to earnings (TTM) ratio is 27.94.
