Following these proceedings, National Bank Financial upgraded its Alamos Gold Inc [AGI] rating to an Outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. Jefferies began covering AGI with “Buy” recommendation on February 29, 2024. RBC Capital Mkts revised its rating on January 11, 2024. It rated AGI as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of AGI
On Tuesday, Alamos Gold Inc [NYSE:AGI] saw its stock jump 0.21% to $18.73. Over the last five days, the stock has gained 3.65%. Alamos Gold Inc shares have risen nearly 1.57% since the year began. Nevertheless, the stocks have risen 44.19% over the past one year. While a 52-week high of $21.45 was reached on 01/03/25, a 52-week low of $11.24 was recorded on 01/07/25. SMA at 50 days reached $19.03, while 200 days put it at $17.72.
Levels Of Support And Resistance For AGI Stock
The 24-hour chart illustrates a support level at 18.49, which if violated will result in even more drops to 18.24. On the upside, there is a resistance level at 19.14. A further resistance level may holdings at 19.54. The Relative Strength Index (RSI) on the 14-day chart is 48.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.51%. Stochastics %K at 65.50% indicates the stock is a holding.
How much short interest is there in Alamos Gold Inc?
A steep rise in short interest was recorded in Alamos Gold Inc stocks on 2024-12-13, dropping by -0.46 million shares to a total of 2.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.4 million shares. There was a decline of -15.71%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 24, 2023 when Desjardins began covering the stock and recommended ‘”a Hold”‘ rating .
