Alamos Gold Inc. (NYSE: AGI) stock fell -1.28% on Thursday to $12.32 against a previous-day closing price of $12.48. With 1.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.32 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $12.50 whereas the lowest price it dropped to was $12.26. The 52-week range on AGI shows that it touched its highest point at $14.12 and its lowest point at $6.35 during that stretch. It currently has a 1-year price target of $13.50. With its current market cap of 6.54 billion, AGI has annualized dividend of $0.14 while the current yield stands at 1.12%. Beta for the stock currently stands at 1.03.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AGI was down-trending over the past week, with a drop of -2.69%, but this was down by -2.92% over a month. Three-month performance surged to 22.22% while six-month performance rose 30.51%. The stock gained 58.76% in the past year, while it has gained 21.86% so far this year. A look at the trailing 12-month EPS for AGI yields 0.32 with Next year EPS estimates of 0.51. For the next quarter, that number is 0.12. This implies an EPS growth rate of 155.40% for this year and 7.82% for next year. EPS is expected to decline by -13.89% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.80%.
Float and Shares Shorts:
At present, 396.95 million AGI shares are outstanding with a float of 391.21 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.43 million, which was 1.88% higher than short shares on Mar 30, 2023. In addition to Mr. John A. McCluskey as the firm’s Pres, CEO & Director, Dr. Luis Chavez-Martinez B.A., M.Sc., Ph.D. serves as its Sr. VP of Mexico.
Through their ownership of 67.36% of AGI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.51% of AGI, in contrast to 4.58% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in AGI with 12.32% of the stake, Van Eck Associates Corp. holds 48,587,562 shares worth 48,587,562. A second-largest stockholder of AGI, First Eagle Investment Management, holds 10,623,742 shares, controlling over 2.69% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in AGI, holding 9,924,291 shares or 2.52% stake. With a 5.65% stake in AGI, the VanEck Gold Miners ETF is the largest stakeholder. A total of 22,290,631 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 4.01% of AGI stock, is the second-largest Mutual Fund holder. It holds 15,836,541 shares valued at 204.77 million. BlackRock Global Funds – World Go holds 3.99% of the stake in AGI, owning 15,739,754 shares worth 203.52 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, AGI reported revenue of $191.20M and operating income of $25.70M. The EBITDA in the recently reported quarter was $69.30M and diluted EPS was $0.02.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AGI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AGI analysts setting a high price target of $17.63 and a low target of $10.00, the average target price over the next 12 months is $14.38. Based on these targets, AGI could surge 43.1% to reach the target high and fall by -18.83% to reach the target low. Reaching the average price target will result in a growth of 16.72% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.