Lowering The 52 Week Low, Alamos Gold Inc (NYSE:AGI) Closing Trading At $4.80

Alamos Gold Inc (NYSE:AGI)

August 11th, 2018

Amidst falling markets Alamos Gold Inc finished Monday’s trading session down 0.52%, a $0.02 decrease to close on $4.80. As well as the drop in value, Alamos Gold Inc hit a new 52 week low of $4.77, breaking the previous low of $4.82 from earlier this month. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.54.

AGI outperformed the rest of the Materials sector which went down just 1.43% today.

Alamos Gold Inc Info

Alamos Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico. It also holds interests in a portfolio of development stage projects in Turkey, Canada, Mexico, and the United States. The company was formerly known as AuRico Gold Inc. and changed its name to Alamos Gold Inc. in July 2015. Alamos Gold Inc. is headquartered in Toronto, Canada.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Alamos Gold Inc’s score is 1.54) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

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AGI daily update

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