Alamos Gold Inc. (NYSE: AGI): Hunting Genuine Value In Market Debris

Currently, there are 396.96M common shares owned by the public and among those 395.32M shares have been available to trade.

The company’s stock has a 5-day price change of 3.53% and -15.68% over the past three months. AGI shares are trading -8.61% year to date (YTD), with the 12-month market performance up to 18.14% higher. It has a 12-month low price of $9.81 and touched a high of $14.95 over the same period. AGI has an average intraday trading volume of 2.51 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.37%, -1.46%, and -1.07% respectively.

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Institutional ownership of Alamos Gold Inc. (NYSE: AGI) shares accounts for 59.46% of the company’s 396.96M shares outstanding.

It has a market capitalization of $4.89B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 23.31, while the earnings-per-share (ttm) stands at $0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.89% over the week and 2.72% over the month.

Analysts forecast that Alamos Gold Inc. (AGI) will achieve an EPS of $0.13 for the current quarter, $0.14 for the next quarter and $0.66 for 2025. The lowest estimate earnings-per-share for the quarter is $0.12 while analysts give the company a high EPS estimate of $0.15. Comparatively, EPS for the current quarter was $0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 7.25%, and 15.05% over the next financial year.

Looking at the support for the AGI, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on February 29, 2024, with the firm’s price target at $14. Desjardins was of a view on October 24, 2023 that the stock is Hold, while Scotiabank gave the stock Sector Outperform rating on April 24, 2023, issuing a price target of $14.50. TD Securities on their part issued Hold rating on April 19, 2023.

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