AGI Stock Summary and Trading Ideas (Alamos Gold Class A Common Shares | NYSE:AGI)

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: Young-Davidson and Island Gold mines operate in Canada and the Mulatos and in Sonora, Mexico. The company generates maximum revenue from the Mulatos mines.

Alamos Gold Class A Common Shares trades on the NYSE stock market under the symbol AGI.

As of October 29, 2024, AGI stock price climbed to $21.05 with 1,590,013 million shares trading.

AGI has a beta of 0.80, meaning it tends to be less sensitive to market movements. AGI has a correlation of 0.10 to the broad based SPY ETF.

AGI has a market cap of $8.83 billion. This is considered a Mid Cap stock.

Last quarter Alamos Gold Class A Common Shares reported $333 million in Revenue and $.24 earnings per share. This beat revenue expectation by $64 million and exceeded earnings estimates by $.06.

In the last 3 years, AGI traded as high as $21.45 and as low as $6.35.

The top ETF exchange traded funds that AGI belongs to (by Net Assets): GDX, GDXJ, DFAI, DFIC, DFAX.

AGI has outperformed the market in the last year with a price return of +65.0% while the SPY ETF gained +43.4%. AGI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +24.9% and +7.1%, respectively, while the SPY returned +7.1% and +0.3%, respectively.

AGI support price is $20.13 and resistance is $20.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGI shares will trade within this expected range on the day.