blackcat thank you, Alamos Gold Inc. AGI has been struggling lately, but the selling pressure may be coming to an end soon.
That is because AGI recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
What is a Hammer Chart Pattern?
A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.
Other Factors
Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 4 estimates have gone higher, compared to none lower, while the consensus estimate has also moved in the right direction.
Estimates have actually risen so much that the stock now has ex. a Zacks Rank #1 (Strong Buy) suggesting this relatively unloved stock could be due for a breakout soon. This will be especially true if AGI stock can build momentum from here and find a way to continue higher of off this encouraging trading development. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.... ex....
Stock Set to Double - Zacks experts released their pick to gain +100% or more in 2020. Ex.
Alamos Gold wins sustainability award Michael McCrae Michael McCrae Monday September 16, 2019 15:17 Kitco NewsShare this article:
Editor's Note: We are proud to unveil our new mining page, an entire space dedicated to up-to-the-minute news, with exclusive industry interviews and all the relevant information you need, rounded in up in one spot. Who is merging? Who is Buying? Who is Digging? We got you covered!
Image courtesy of Alamos Gold
Responsibility Practice 2019 by the Mexican Center for Philanthropy (Cemefi), the Alliance for Corporate Social Responsibility in Mexico (AliaRSE), and Forum Empresa.
The award highlighted Alamos Gold's voluntary relocation of residents from Mulatos to Matarachi. The Mexican miner also built 21 new homes, a new school, church and medical clinic.
"We are honored to be receiving this Award for our commitment and leadership in corporate social responsibility in Mexico. As a company, sustainability and corporate social responsibility are core values which are incorporated into activities at all our operations," said John A. McCluskey, President and CEO.
Alamos Gold is a Canadian-based intermediate gold producer.
By Michael McCrae For Kitco News
Contact mmccrae@kitco.com www.kitco.com
The award highlighted Alamos Gold's voluntary relocation of residents from Mulatos to Matarachi.
Can Alamos Gold Stock Price Go Higher? •Published on 7 Aug 2019 justmining Stocks
Solid quarter for Alamos Gold (AGI). AISC is down. Island Gold Mine performed well. Higher grades and lower costs. However protest at Turkey project could potential put pressure on the stock price. As the issue is sensitive. Investors need to be prudence and reevaluate the investment thesis.
blackcat thank you, Alamos Gold Inc. AGI has been struggling lately, but the selling pressure may be coming to an end soon.
That is because AGI recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
What is a Hammer Chart Pattern?
A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.
Other Factors
Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 4 estimates have gone higher, compared to none lower, while the consensus estimate has also moved in the right direction.
Estimates have actually risen so much that the stock now has ex. a Zacks Rank #1 (Strong Buy) suggesting this relatively unloved stock could be due for a breakout soon. This will be especially true if AGI stock can build momentum from here and find a way to continue higher of off this encouraging trading development. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.... ex....
Stock Set to Double - Zacks experts released their pick to gain +100% or more in 2020. Ex.
Alamos Gold wins sustainability award Michael McCrae Michael McCrae Monday September 16, 2019 15:17 Kitco NewsShare this article:
Editor's Note: We are proud to unveil our new mining page, an entire space dedicated to up-to-the-minute news, with exclusive industry interviews and all the relevant information you need, rounded in up in one spot. Who is merging? Who is Buying? Who is Digging? We got you covered!
Image courtesy of Alamos Gold
Responsibility Practice 2019 by the Mexican Center for Philanthropy (Cemefi), the Alliance for Corporate Social Responsibility in Mexico (AliaRSE), and Forum Empresa.
The award highlighted Alamos Gold's voluntary relocation of residents from Mulatos to Matarachi. The Mexican miner also built 21 new homes, a new school, church and medical clinic.
"We are honored to be receiving this Award for our commitment and leadership in corporate social responsibility in Mexico. As a company, sustainability and corporate social responsibility are core values which are incorporated into activities at all our operations," said John A. McCluskey, President and CEO.
Alamos Gold is a Canadian-based intermediate gold producer.
By Michael McCrae For Kitco News
Contact mmccrae@kitco.com www.kitco.com
The award highlighted Alamos Gold's voluntary relocation of residents from Mulatos to Matarachi.
Alamos Gold (AGI) Moves to Strong Buy: Rationale Behind the Upgrade CONTRIBUTOR Zacks Equity Research Zacks PUBLISHED OCT 1, 2019 9:00AM EDT
Alamos Gold (AGI) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for Alamos Gold is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Alamos Gold, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
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