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Can Alamos Gold (AGI) Run Higher on Strong Earnings Estimate Revisions?

Alamos Gold, Inc. AGI is a gold producer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AGI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Alamos Gold could be a solid choice for investors.

Current Quarter Estimates for AGI

In the past 30 days, 1 estimate has gone higher for Alamos Gold, with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 4 cents a share 30 days ago, to a loss of 2 cents a share today, a significant move.

Current Year Estimates for AGI

Meanwhile, Alamos Gold’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing down from a loss of 11 cents per share 30 days ago to a loss of 5 cents per share today, a significant increase.

Bottom Line

The stock has also started to move higher lately, adding 31.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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ALAMOS GOLD INC (AGI): Free Stock Analysis Report
 
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