The Vanguard Group, Inc. has recently announced that it has increased stake in Alamos Gold Inc. (NYSE:AGI) by 0.88%. After grabbing 10.2 million shares, the institutional investor is now in possession of 89013.0 shares of the Basic Materials Company. The new investment brought the stake of investor firm to 2.57% having worth around $151.0 million. Moreover, RBC Global Asset Management, Inc. increased its share by 0.99 million to have a control over 9.03 million shares. And T. Rowe Price Associates, Inc. raised its holdings to 5.28 million shares by acquiring 5.28 million shares or 1.33% of the stake.
Alamos Gold Inc. (AGI) concluded trading on 12/21/23 at a closing price of $13.84, with 1.73 million shares of worth about $23.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.09% during that period and on Thursday the price saw a gain of about 1.02%. Currently the company’s common shares owned by public are about 396.37M shares, out of which, 394.54M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the AGI stock and their offered price forecasts bring an average price target of $15.06. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $18.04 and could fall to a lowest price of $12.00. The stock’s current price level is 8.1% above of average price target set by the analysts, while a rise to estimated low would result in loss of -15.33% for the stock. However, touching the estimated high of $18.04 would mean a gain of 23.28% for the stock.
VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and BlackRock Global Funds – World Go are the top 3 mutual funds which are holding stakes in Alamos Gold Inc. VanEck Gold Miners ETF is currently holding 22.45 million shares of worth totaling $332.55 million. The company recently came buying 0.0 shares which brought its stake up to 5.67% of the company’s outstanding shares. BlackRock Global Funds – World Go, after selling 14.21 million shares, have now control over 3.59% of the stake in the company. It holds 96335.0 shares of worth $210.42 million.
Alamos Gold Inc. (NYSE: AGI) started trading at $13.95, above $0.25 from concluding price of the previous day. However, the stock later moved at a day high price of 14.00, or with a gain of 1.02%. Stock saw a price change of -0.29% in past 5 days and over the past one month there was a price change of 2.82%. Year-to-date (YTD), AGI shares are showing a performance of 36.89% which increased to 40.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.76 but also hit the highest price of $14.95 during that period. The average intraday trading volume for Alamos Gold Inc. shares is 2.82 million. The stock is currently trading -1.36% below its 20-day simple moving average (SMA20), while that difference is up 4.47% for SMA50 and it goes to 11.20% higher than SMA200.
The Vanguard Group, Inc. acquired 10.2 million shares of Alamos Gold Inc. having value of about $151.0 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 89013.0 shares in the company valued at close to $1231939.92, or have control over 0.88% stake in the company. Alamos Gold Inc. (NYSE: AGI) currently have 396.37M outstanding shares and institutions hold larger chunk of about 58.62% of that. Holding of mutual funds in the company is about 2.34% while other institutional holders and individual stake holders have control over 56.22% and — of the stake respectively.
The stock has a current market capitalization of $5.49B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 27.01, while it has posted earnings per share of $0.51 in the same period. It has Quick Ratio of 1.27 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AGI, volatility over the week remained 2.84% while standing at 3.01% over the month.
Analysts are in expectations that Alamos Gold Inc. (AGI) stock would likely to be making an EPS of $First Majestic Silver Corp. in the current quarter, while forecast for next quarter EPS is $6.32 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Analog Devices, Inc. which is $Triumph Group, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $iShares Core U.S. Aggregate Bon in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 92.14% while it is estimated to increase by 7.46% in next year. EPS is likely to shrink at an annualized rate of -13.89% for next 5-years, compared to annual growth of 1.67% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the Alamos Gold Inc. (AGI)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.73. Out of those 11 Wall Street analysts, 7 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
