At the time of writing, Alamos Gold Inc. [AGI] stock is trading at $20.67, down -1.01%. 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 2.33% over the last week, with a monthly amount glided 5.62%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Alamos Gold Inc. fluctuated between $10.78 and $21.42. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Alamos Gold Inc. [NYSE: AGI] shares were valued at $20.67 at the most recent close of the market. An investor can expect a potential drop of -12.92% based on the average AGI price forecast.
Analyzing the AGI fundamentals
According to Alamos Gold Inc. [NYSE:AGI], the company’s sales were 1.12B for trailing twelve months, which represents an 27.43% jump. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is 0.09.
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 20.45 points at the first support level, and at 20.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.96, and for the 2nd resistance point, it is at 21.25.
Ratios To Look Out For
It is important to note that Alamos Gold Inc. [NYSE:AGI] has a current ratio of 3.04. As well, the Quick Ratio is 1.97, while the Cash Ratio is 1.44. Considering the valuation of this stock, the price to sales ratio is 7.74, the price to book ratio is 2.70 and price to earnings (TTM) ratio is 41.53.
