AGI (NYSE:AGBK) Reaches New 12-Month Low - Time to Sell?

Key Points

• AGI shares hit a new 52-week low, trading as low as $5.28 before last changing hands at $6.1650, below the prior close of $5.46.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average price target of $14.14, while recent actions included a target cut from Oppenheimer and a “strong sell” rating from Zacks Research.
• CTO Vinicius Birkeland Aloe sold 256,386 shares for approximately $3.07 million, reducing his direct stake by 59.24%.

AGI Inc (NYSE:AGBK - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday. The company traded as low as $5.28 and last traded at $6.1650, with a volume of 20897 shares. The stock had previously closed at $5.46.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Oppenheimer reduced their target price on shares of AGI from $10.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Zacks Research cut shares of AGI from a "hold" rating to a "strong sell" rating in a report on Thursday, July 16th. Weiss Ratings reissued a "sell (d)" rating on shares of AGI in a research report on Friday, August 7th. Finally, The Goldman Sachs Group set a $13.00 price objective on AGI in a research note on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $14.14.

AGI Stock Performance

The business has a fifty day moving average price of $6.35 and a 200-day moving average price of $6.94. The stock has a market capitalization of $1.03 billion and a P/E ratio of 10.90. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.31.

Insiders Place Their Bets

In other AGI news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the business's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $11.99, for a total transaction of $3,074,068.14. Following the completion of the sale, the chief technology officer directly owned 176,423 shares in the company, valued at approximately $2,115,311.77. The trade was a 59.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

About AGI

Alamos Gold Inc is a Canadian-based gold producer engaged in the acquisition, exploration, development and operation of gold properties. The company's activities are focused primarily on North America, with operating assets in Canada and Mexico.

Alamos Gold operates the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mining complex in Sonora, Mexico. Its portfolio also includes development and exploration projects, including the Lynn Lake project in Manitoba, Canada, as the company works to expand its production base and mineral reserves.

The company is headquartered in Toronto, Ontario, and has historically focused on developing long-life, low-cost gold operations through exploration, mine expansion and operational improvements.

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