Alamos Gold Inc. (AGI) was a big mover last session, as the company saw its shares rise roughly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.48 to $7.94 over the past one-month time frame.
This mining-gold stock witnessed two negative estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Alamos Gold has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
Investors interested in the industry may also consider Banro Corporation (BAA), carrying a Zacks Rank #2 (Buy).
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