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Alamos Gold Inc. (AGI.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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9.31-0.23 (-2.41%)
At close: 04:00PM EST
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  • J
    Jazenevc
    Bloomberg reports today
    Start of quote
    John McCluskey, chief executive officer at Alamos Gold Inc., discusses his outlook for gold prices, his prospects for M&A and the company’s business strategy in Turkey. He speaks on “Bloomberg Markets: European Open.”
    End of quote
  • J
    Jazenevc
    exploration update from Island Gold has been released and, as it becomes a good tradition, results are impressive. High-grade mineralization zones get bigger and getting very close to new, very extensive land area, acquired with Trillium transaction a year ago.
  • T
    Temel
    Alamos actually has done way better than my other 7 miners last 5 days. Do you know what that means? It simply means no one knows jack especially analysts... Way to go AGI. $10+ soon.
  • J
    J
    Interesting divergence today between Alamos and Agnico on display. Both report tomorrow after the closing bell, which they don't typically. Comparable in some ways, and not in others. The market appears to like Alamos more for the earnings beat, judging from today's market poll.
  • J
    Jazenevc
    I checked q3 MD&A trying to find, maybe, some clues regarding good stock performance recently and noticed following, regarding Island Gold exploration:
    Start of quote
    Ongoing exploration drilling has continued to extend high-grade mineralization with another exploration update planned in the fourth quarter.
    End of quote
    In recent past, Island Gold exploration produced very impressive results and the upcoming update can be expected to be impressive too. It should come up very soon, q4 is almost half over.
  • J
    Jazenevc
    Weak earnings. Mulatos performed unexpectedly poor and it can continue till new ore appears in q3 2022. One can expect analyst downgrades coming.
    At least, weak stock performance over last couple weeks looks better understandable now. In longer term situation is quite manageable. Balance sheet is strong and company is profitable and Mulatos in just #3 asset at this juncture. However, big miss in earnings will likely take toll on share price in near term.
  • P
    Peter
    FWIW, here's what Bill Fleckenstein, a former money manager and someone who owns AGI had to say about the quarter in his daily column.

    "Turning to the miners, they were all weaker by varying amounts. Alamos fell about 7%, as it was forced to reduce its production slightly due to a water (rainfall) problem at its Mulatos mine. I don't happen to think it's a very big deal, but of course the stock was hit hard because, despite being cheap, mining companies have to do everything perfectly to rally these days and no one seems to care about the future, only the past (but that's been the case for some time now). Meanwhile, CIBC thinks Alamos can earn $1 next year. However, cheapness doesn't seem to matter any more than being expensive does to popular stocks right now."
  • J
    Jazenevc
    The stock performed Ok over last couple days, better than peers. Perhaps, it indicates that the immediate impact of the earnings release is over. Going forward it is gold price dependent, obviously, esp. in short term. Important company-specific news can come in mid term only, somewhere in 2022 H2.
  • J
    Jazenevc
    Q3 results will be released on Wednesday. Estimates are $223M and 12 cents. In my opinion, they will miss a shade on revenue, hitting in 215-220 range. However, on earnings they can post in 12-14 range, i.e. beat is doable. Gold price was lower in Q3, around $1785 vs $1814 in q2. However, gold production and esp. sales were likely higher. Also, Canadian dollar was a bit lower vs q2, though it went up again in October, after q3 ended.
    In total, one can expect solid earnings release. A warning sign is the stock mediocre performance over last couple weeks or so. Hope, it is not a sign of bad operational surprises.
  • D
    David
    Expecting a buy out by a major for SP + a nickel.
  • J
    Jazenevc
    Couple more analyst reactions to the earnings release:
    Maintained as Buy at TD Securities. Price target reduced to CAD$14.50 from $15.50.
    Maintained as Sector Perform at National Bank. Price target reduced to CAD$11.50 from $12.
  • r
    rick
    2. Before December 17th or at the latest of January 21, 2022 the stock with reach the strike price of $10 US
  • r
    rick
    I just sold at 10.22, until there is more confirmation in the price. Right now the options are showing even odds on the stock hitting $7.50 US and $10 US for Dec.
  • J
    Jazenevc
    Conference call was a solo event, practically all questions were about Mulatos. This is disappointing that no.3 asset, the weakest one, becomes a center of attention. The management had to admit that many Mulatos issues are just on table and have to be dealt with. As CEO said next couple quarters will be lumpy in Mulatos and, if it remains the point of interest, it means lumpy quarters for this stock.
    In investment terms the stock will find the bottom and the challenge is to assess the point correctly. Canadian mines operate Ok and Mulatos will be likely salvaged in 2022 H2. Also, management guided for higher production in Q4 and so, if gold price does not drop, Q3 was a low point in earnings terms, hopefully.
  • r
    rick
    I believe the Fed announcement on tapering will be the catalyst to drive the price higher
  • D
    Dennis
    Looking forward to a dividend raise probably next year.
  • A
    Anonymous
    $ 7.70
    Intermediate gold producer Alamos Gold has reduced its guidance for 2021, given a weaker quarter at its Mulatos mine, in Mexico.
    The Canadian company reduced the guidance for its founding operation by 15 000 oz, resulting in a lower consolidated guidance of 445 000 oz to 495 000 oz for the year.
  • r
    rick
    I predict the next three days the stock will drop approximately .20 a day until it hits $7.50 US on Friday. Then on Monday we might get a pop.