Stock Rating Upgrade
The Value Trend Rating for Alamos Gold Inc (NYSE: AGI) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Alamos Gold Inc (NYSE: AGI) stock closed at $15.30 on 4/26/24 after a large increase of 2.1%. However, trading volume in this advance was below average at 80% of normal. The stock has risen 1.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AGI is expected to continue to be a Value Builder.
Alamos Gold has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Alamos Gold has a neutral Appreciation Score of 53 but a good Power Rating of 73, and the Positive Value Trend Rating results.
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