The stock price of Alamos Gold Inc. (NYSE: AGI) has surged by 1.38 when compared to previous closing price of 19.18, but the company has seen a 7.55% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-07 that Alamos Gold (AGI) possesses solid growth attributes, which could help it handily outperform the market.
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 39.07x. The 36-month beta value for AGI is also noteworthy at 1.17. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AGI is 417.31M, and at present, short sellers hold a 1.37% of that float. The average trading volume of AGI on August 19, 2024 was 2.00M shares.
AGI’s Market Performance
The stock of Alamos Gold Inc. (AGI) has seen a 7.55% increase in the past week, with a 14.11% rise in the past month, and a 13.78% gain in the past quarter. The volatility ratio for the week is 3.45%, and the volatility levels for the past 30 days are at 3.65% for AGI. The simple moving average for the past 20 days is 11.82% for AGI’s stock, with a 33.58% simple moving average for the past 200 days.
Analysts’ Opinion of AGI
Jefferies, on the other hand, stated in their research note that they expect to see AGI reach a price target of $14. The rating they have provided for AGI stocks is “Buy” according to the report published on February 29th, 2024.
AGI Trading at 16.23% 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 able to rebound, for now settling with 0.91% of gains for the given period.
Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 3.45%, as shares surge +13.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.83% upper at present.
During the last 5 trading sessions, AGI rose by +7.47%, which changed the moving average for the period of 200-days by +56.95% in comparison to the 20-day moving average, which settled at $17.50. In addition, Alamos Gold Inc. saw 44.36% 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:
- 0.33 for the present operating margin
- 0.39 for the gross margin
The net margin for Alamos Gold Inc. stands at 0.18. The total capital return value is set at 0.09. Equity return is now at value 6.72, with 4.96 for asset returns.
Currently, EBITDA for the company is 514.26 million with net debt to EBITDA at -0.55. When we switch over and look at the enterprise to sales, we see a ratio of 6.98. The receivables turnover for the company is 29.58for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.04.
Conclusion
In summary, Alamos Gold Inc. (AGI) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
