Alamos Gold Inc. (AGI) Shares on the Decline: Short-term Analysis

Alamos Gold Inc. [AGI] stock is trading at $15.21, down -1.04%. 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 2.56% over the last week, with a monthly amount glided 10.14%, and seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

From an analyst’s perspective:

Alamos Gold Inc. [NYSE: AGI] stock has seen the most recent analyst activity on April 09, 2024, when BofA Securities upgraded its rating to a Buy. Previously, Jefferies started tracking the stock with Buy rating on February 29, 2024, and set its price target to $14. On January 11, 2024, upgrade upgraded it’s rating to Outperform. Desjardins started tracking the stock assigning a Hold rating. TD Securities downgraded its rating to Hold for this stock on April 19, 2023. In a note dated January 19, 2023, Canaccord Genuity downgraded an Hold rating on this stock.

Alamos Gold Inc. [AGI] stock has fluctuated between $10.78 and $15.48 over the past year. Alamos Gold Inc. [NYSE: AGI] shares were valued at $15.21 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 14.84 points at the first support level, and at 14.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.80, and for the 2nd resistance point, it is at 16.38.

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 5.90, the price to book ratio is 2.07 and price to earnings (TTM) ratio is 28.81.

Related Posts