ALAMOS GOLD INC.

AGI
Delayed Quote. Delayed  - 10/29 04:00:00 pm
12.16CAD +12.49%

Alamos Gold Inc. : Good timing to anticipate a continuation of the trend

David Meurisse
Contributor / Partner

Strategy published on : 10/16/2020 | 12:14

long trade
Live

Entry price : 11.43CAD
Target : 14.7CAD
Stop-loss : 9.9CAD
Potential : 28.61%

The timing appears opportune to go long in shares of Alamos Gold Inc. as we anticipate another pick-up in the underlying trend.
Investors have an opportunity to buy the stock and target the CAD 14.7.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the past twelve months, EPS forecast has been revised upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● The tendency within the weekly time frame is positive above the technical support level at 8.68 CAD


Weaknesses

● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

● The group usually releases earnings worse than estimated.

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