Alamos Gold Inc. (NYSE: AGI)’s stock price has decreased by -1.56 compared to its previous closing price of 14.75. However, the company has seen a 7.56% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-28 that Alamos Gold (AGI) to buy its peer Argonaut for $325 million to increase its gold production.
Is It Worth Investing in Alamos Gold Inc. (NYSE: AGI) Right Now?
The price-to-earnings ratio for Alamos Gold Inc. (NYSE: AGI) is above average at 27.50x, Company’s 36-month beta value is 1.15.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for AGI is 395.38M, and currently, short sellers hold a 0.56% ratio of that floaft. The average trading volume of AGI on April 02, 2024 was 2.48M shares.
AGI’s Market Performance
AGI stock saw an increase of 7.56% in the past week, with a monthly gain of 22.95% and a quarterly increase of 6.84%. The volatility ratio for the week is 3.73%, and the volatility levels for the last 30 days are 3.13% for Alamos Gold Inc. (AGI). The simple moving average for the past 20 days is 7.46% for AGI’s stock, with a 15.82% simple moving average for the past 200 days.
Analysts’ Opinion of AGI
Many brokerage firms have already submitted their reports for AGI stocks, with Jefferies repeating the rating for AGI by listing it as a “Buy.” The predicted price for AGI in the upcoming period, according to Jefferies is $14 based on the research report published on February 29, 2024 of the current year 2024.
AGI Trading at 15.12% from the 50-Day Moving Average
After a stumble in the market that brought AGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.88% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 3.73%, as shares surge +17.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.76% upper at present.
During the last 5 trading sessions, AGI rose by +7.56%, which changed the moving average for the period of 200-days by +17.19% in comparison to the 20-day moving average, which settled at $13.62. In addition, Alamos Gold Inc. saw 7.80% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AGI
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.37 for the gross margin
The net margin for Alamos Gold Inc. stands at 0.2. The total capital return value is set at 0.08. Equity return is now at value 7.44, with 5.47 for asset returns.
Based on Alamos Gold Inc. (AGI), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 1195.39. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 126.68.
Currently, EBITDA for the company is 514.26 million with net debt to EBITDA at -0.44. When we switch over and look at the enterprise to sales, we see a ratio of 5.38. The receivables turnover for the company is 19.39for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
Conclusion
In a nutshell, Alamos Gold Inc. (AGI) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
