A Guide To The Risks Of Investing In Alamos Gold Inc. (AGI)


Meanwhile, Canaccord Genuity downgraded its Alamos Gold Inc. [AGI] rating to a Hold from a a Buy in a research note published on Tuesday. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in late November from “a Sector perform” to “a Sector outperform”. National Bank Financial also remained covering AGI and has increased its forecast on April 29, 2022 with a “an Outperform” recommendation from previously “Sector perform” rating. Canaccord Genuity revised its rating on January 18, 2022. It rated AGI as “a Hold” which previously was an “a Buy”.

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Price Performance Review of AGI

On Tuesday, Alamos Gold Inc. [NYSE:AGI] saw its stock jump 1.70% to $11.37. On the same session, the stock had its day’s lowest price of $11.06, but rose to a high of $11.445. Over the last five days, the stock has gained 5.67%. Alamos Gold Inc. shares have risen nearly 12.46% since the year began. Nevertheless, the stocks have risen 61.74% over the past one year. While a 52-week high of $11.38 was reached on 01/24/23, a 52-week low of $6.35 was recorded on 01/03/23. SMA at 50 days reached $10.00, while 200 days put it at $8.20. A total of 2.71 million shares were traded, compared to the trading of 1.98 million shares in the previous session.

Levels Of Support And Resistance For AGI Stock

The 24-hour chart illustrates a support level at 11.14, which if violated will result in even more drops to 10.91. On the upside, there is a resistance level at 11.52. A further resistance level may holdings at 11.68. The Relative Strength Index (RSI) on the 14-day chart is 71.68, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.45%. Stochastics %K at 86.85% indicates the stock is a selling.

How much short interest is there in Alamos Gold Inc.?

A steep rise in short interest was recorded in Alamos Gold Inc. stocks on Oct 13, 2022, growing by 0.43 million shares to a total of 10.93 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 10.5 million shares. There was a rise of 3.93%, which implies that there is a positive sentiment for the stock.

Alamos Gold Inc. [AGI] – Who Are The Largest Shareholders?

In filings from Van Eck Associates Corp., it is revealed that the company now owns 39,915,509 shares, or roughly 10.15% of the outstanding AGI shares. In other words, the investor’s shares have fallen by -1,896,225 from its previous 13-F filing of 41811734.0. Additionally, First Eagle Investment Management increased 0.86% of its stake after which the total value it holdings stand at $121,323,336, while The Vanguard Group, Inc. added 1.56% of its stake to hold $98.73 million in the firm. Over the last quarter, Renaissance Technologies LLC sold -682,411 shares of Alamos Gold Inc., while Beutel, Goodman & Co. Ltd. sold -246,940 shares. At present, Franklin Advisers, Inc. is holding 6,889,405 shares valued at $69.65 million. Fidelity Investments Canada ULC owned 5,842,827 shares of the company at the time of its most recent 13F filing, worth $59.07 million.

According to FactSet, Alamos Gold Inc.’s share price will average $11.82 in the next year, based on opinions of analysts polled by the firm. This is up nearly 6.98 percent from its previous closing price of $11.18. Analysts expect Alamos Gold Inc. stock to reach the higher price of $14.20, while the lowest price estimate is $9.75. However, 12 analysts have rated AGI stock as an Overweight in their predictions for 2023.


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