Alamos Gold Stock: the end or will it continue? ()

For shares of Alamos Gold from the “Gold” segment, a price of CAD 9.58 is listed on the Toronto stock exchange on September 19, 2022, 10:47 pm

In a complex analysis process, analysts in our company evaluated Alamos Gold based on a total of 8 evaluation criteria. All individual criteria lead to a classification as “Buy”, “Hold” or “Sell”. From this, a general classification is calculated in part of the final final evaluation.

1. Analyst Rating: In the past twelve months, a total of 5 analyst ratings have been given to Alamos Gold stock. Of these, 1 rating was “Buy”, 4 “Hold” and 0 “Sell”. In summary, Alamos Gold stock has a “Hold” rating. There are no analyst updates on Alamos Gold in the last month. The ratings carried by the analysts resulted in an average target price of CAD 10.7. The security thus has a potential upside of 11.69 percent, based on the last closing price (9.58 CAD). A “buy” recommendation is derived from this. The bottom line is that Alamos Gold receives a “buy” rating on this point of analysis.

2. Relative strength index: For shares, technical analysis also looks at the ratio of up and down movement of a price over time and draws this for a period of 7 days in the relative strength index. Based on this so-called RSI, the Alamos Gold is currently neither overbought nor oversold with a value of 53. Therefore, the “Hold” classification is applied to this signal. Extending the relative movement to 25 days (RSI25) gives the stock a reading of 55.63. This is considered a signal that the stock is considered neither overbought nor oversold. Accordingly, the rating on this basis is “Hold”. Overall, this results in a “Hold” classification for the RSI.

3. Technical analysis: Alamos Gold is currently -1.24 percent away from the moving average of the past 50 days, the GD50, at a price of 9.58 CAD. This leads to the short-term rating “Hold”. On the other hand, based on the past 200 days, the rating is “Hold”, since the GD200 distance is -0.93 percent. In this respect, from a technical point of view, we rate the share as a “Hold” for both periods in general.