Should Value Hunters Buy Alamos Gold Inc.’s (NYSE: AGI) Stock?

The trading price of Alamos Gold Inc. (NYSE:AGI) floating higher at last check on Wednesday, August 24, closing at $7.81, 0.13% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $7.61 and $7.915. The company’s P/E ratio in the trailing 12-month period was 45.35, while its 5Y monthly beta was 1.06. In examining the 52-week price action we see that the stock hit a 52-week high of $9.22 and a 52-week low of $6.51. Over the past month, the stock has gained 11.75% in value.

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Alamos Gold Inc., whose market valuation is $4.07 billion at the time of this writing, is expected to release its quarterly earnings report Oct 25, 2022 – Oct 31, 2022. The dividend yield on the company stock is 1.65%, while its Forward Dividend ratio is 0.13. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.09 per share this quarter, however they have predicted annual earnings per share of $0.29 for 2022 and $0.49 for 2023. It means analysts are expecting annual earnings per share growth of -29.30% this year and 69.00% next year.

Analysts have forecast the company to bring in revenue of $225.1 million for the current quarter, with the likely lows of $215.9 million and highs of $243 million. The average estimate suggests sales will likely up by 13.70% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $836.33 million. The company’s revenue is forecast to grow by 1.50% over what it did in 2022.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Alamos Gold Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest AGI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that AGI’s price is currently 0.49% off the SMA20 and 5.21% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.63, and weekly volatility stands at 2.68%. When measured over the past 30 days, the indicator reaches 3.50%. Alamos Gold Inc. (NYSE:AGI)’s beta value is currently sitting at 1.05, while the Average True Range indicator is currently displaying 0.29.

To see how Alamos Gold Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: AGI stock’s performance was 0.13% at last check in today’s session, and 2.50% in the past year, while Kellogg Company (K) has been trading 0.13% in recent session and positioned 15.91% higher than it was a year ago. Another comparable company Barrick Gold Corporation (GOLD) saw its stock trading -0.12% lower in today’s session but was down -18.01% in a year. Furthermore, Yamana Gold Inc. (AUY) showed a decrease of 0.00% today while its price kept inclining at 9.34% over the past year. Alamos Gold Inc. has a P/E ratio of 45.35, compared to Kellogg Company’s 17.58 and Barrick Gold Corporation’s 14.42. Also during today’s trading, the S&P 500 Index has surged 0.23%, while the Dow Jones Industrial also saw a positive session, up 0.13% today.

An evaluation of the daily trading volume of Alamos Gold Inc. (NYSE:AGI) indicates that the 3-month average is 4.77 million. However, this figure has increased over the past 10 days to an average of 2.9 million.

Currently, records show that 391.76 million of the company’s shares remain outstanding. The insiders hold 0.30% of outstanding shares, whereas institutions hold 65.35%. The stats also highlight that short interest as of Jul 28, 2022, stood at 11.68 million shares, resulting in a short ratio of 1.9 at that time. From this, we can conclude that short interest is 2.98% of the company’s total outstanding shares. It is noteworthy that short shares in July were up slightly from the previous month’s figure, which was 5.15 million. However, since the stock’s price has seen 1.43% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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