The stock price of Alamos Gold Inc. (NYSE: AGI) has jumped by 0.31 compared to previous close of 20.99. Despite this, the company has seen a gain of 7.21% in its stock price over the last five trading days. zacks.com reported 2024-10-09 that Investors looking for stocks in the Mining – Gold sector might want to consider either Newmont Corporation (NEM) or Alamos Gold (AGI). But which of these two companies is the best option for those looking for undervalued stocks?
Is It Worth Investing in Alamos Gold Inc. (NYSE: AGI) Right Now?
Alamos Gold Inc. (NYSE: AGI) has a price-to-earnings ratio that is above its average at 42.31x. The stock has a 36-month beta value of 1.20. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for AGI is 417.76M, and at present, short sellers hold a 1.12% of that float. On October 21, 2024, the average trading volume of AGI was 2.36M shares.
AGI’s Market Performance
AGI stock saw an increase of 7.21% in the past week, with a monthly gain of 1.13% and a quarterly increase of 22.85%. The volatility ratio for the week is 2.42%, and the volatility levels for the last 30 days are 2.28% for Alamos Gold Inc. (AGI). The simple moving average for the last 20 days is 5.24% for AGI’s stock, with a simple moving average of 31.98% for the last 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 7.31% 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 -1.70% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +0.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.11% upper at present.
During the last 5 trading sessions, AGI rose by +8.05%, which changed the moving average for the period of 200-days by +64.26% in comparison to the 20-day moving average, which settled at $20.02. In addition, Alamos Gold Inc. saw 56.32% 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 7.55. 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
To sum up, Alamos Gold Inc. (AGI) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
