SpotOnTrade 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:
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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.