Alamos Gold Inc. [AGI] stock is trading at $14.86, up 0.20%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AGI shares have gain 2.34% over the last week, with a monthly amount glided 10.16%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, Alamos and Argonaut Close Previously Announced Private Placement. In a post published today on Yahoo Finance, Alamos Gold Inc. (“Alamos”) (TSX:AGI; NYSE:AGI) and Argonaut Gold Inc. (“Argonaut”) (TSX:AR) today announced the closing of their previously announced non-brokered private placement, pursuant to which Alamos subscribed (the “Private Placement”) for 174,825,175 common shares of Argonaut (the “Acquired Shares”), representing approximately 13.8% of Argonaut’s total outstanding common shares (the “Common Shares”) after giving effect to the Private Placement. The Acquired Shares were acquired at a price of C$0.286 per share, for total gross proceeds to Argonaut of C$50,000,000.
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 $15.08 over the past year. Alamos Gold Inc. [NYSE: AGI] shares were valued at $14.86 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 14.58 points at the first support level, and at 14.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.20, and for the 2nd resistance point, it is at 15.55.
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. Further, the Quick Ratio stands at 1.27, while the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 5.76, the price to book ratio is 2.02 and price to earnings (TTM) ratio is 28.14.
