Alamos Gold (AGI) Shares are Up 1.24%

Alamos Gold (AGI) has been under a strong bear grip, hence the stock is down -6.53% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.18% in the past 1 week. The stock has risen by 1.24% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.56% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.47% and the 50-Day Moving Average is 4.2%. Alamos Gold (NYSE:AGI): stock turned positive on Friday. Though the stock opened at $9.12, the bulls momentum made the stock top out at $9.29 level for the day. The stock recorded a low of $8.94 and closed the trading day at $9, in the green by 0.56%. The total traded volume for the day was 1,730,529. The stock had closed at $8.95 in the previous days trading.


Institutional Investors own 61.24% of Alamos Gold shares. Also, Equity Analysts at the Desjardins upgrades the rating on Alamos Gold (NYSE:AGI). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The rating by the firm was issued on August 11, 2016.

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.

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