Alamos Gold (NYSE:AGI) has tumbled 0.89% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 10.8% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.3% and the outperformance has advanced to 9.78% for the last 4 weeks period.
Alamos Gold (NYSE:AGI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.89 and $7.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.80, notching a gain of 1.04% for the day. The total traded volume was 16,507,153 . The stock had closed at $7.72 on the previous day.
The company shares have rallied 29.78% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $8.59 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $7.00 and the 200 Day Moving Average price is recorded at $4.99.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Canaccord Genuity downgrades the rating on Alamos Gold (NYSE:AGI). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 3, 2016. Institutional Investors own 64.08% of Alamos Gold shares.
Alamos Gold Inc. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico, Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico, which includes several satellite gold occurrences. It also owns the Agi Dagi, Kirazli and Camyurt gold development projects in Turkey. Agi Dagi and Kirazli gold development projects are located in Canakkale Province, Turkey. The Camyurt project is located three kilometres southeast of the Agi Dagi project. The Company owns the Esperanza Gold Project, which is a development stage asset located in south-central Mexico in the state of Morelos. It owns a 100% interest in the Quartz Mountain Property, which is located in south-central Oregon. It operates through Carlisle Goldfields Ltd.