Is ALAMOS GOLD INC-CLASS A (NYSE:AGI) suited for high growth investing?

A possible breakout setup was detected on ALAMOS GOLD INC-CLASS A (NYSE:AGI) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:AGI.

Insights from Technical Analysis

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 10 out of 10 to AGI. Both in the recent history as in the last year, AGI has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, AGI did better than 86% of all other stocks. We also observe that the gains produced by AGI over the past year are nicely spread over this period.
• AGI is one of the better performing stocks in the Metals & Mining industry, it outperforms 82% of 154 stocks in the same industry.
• AGI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AGI is lagging the market slightly.
• In the last month AGI has a been trading in the 17.80 - 20.49 range, which is quite wide. It is currently trading near the high of this range.

Check the latest full technical report of AGI for a complete technical analysis.

Why is NYSE:AGI a setup?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:AGI has a 8 as its setup rating:

AGI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 19.25, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AGI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

Looking into the high growth metrics of ALAMOS GOLD INC-CLASS A

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), ALAMOS GOLD INC-CLASS A highlights its ability to generate increasing profitability, showcasing a 35.71% growth.
• With impressive quarter-to-quarter (Q2Q) revenue growth of 40.87%, ALAMOS GOLD INC-CLASS A showcases its ability to generate increased sales and revenue. This growth indicates the company's strong customer demand and its effective business strategies.
• With notable 1-year revenue growth of 22.5%, ALAMOS GOLD INC-CLASS A exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• The average next Quarter EPS Estimate for ALAMOS GOLD INC-CLASS A has experienced a 4.88% change in the last 3 months, reflecting evolving expectations by analysts regarding the company's EPS performance.
• The quarterly earnings of ALAMOS GOLD INC-CLASS A have shown a 35.71% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• ALAMOS GOLD INC-CLASS A has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• With positive growth in its free cash flow (FCF) over the past year, ALAMOS GOLD INC-CLASS A showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• Maintaining a Debt-to-Equity ratio of 0.08, ALAMOS GOLD INC-CLASS A demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• With a track record of beating EPS estimates 3 times in the last 4 quarters, ALAMOS GOLD INC-CLASS A showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• The Relative Strength (RS) of ALAMOS GOLD INC-CLASS A has been consistently solid, with a current 86.98 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. ALAMOS GOLD INC-CLASS A exhibits strong prospects for further price appreciation.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.