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Is Alamos Gold (AGI) Stock a Solid Choice Right Now?

One stock that might be an intriguing choice for investors right now is Alamos Gold, Inc.AGI . This is because this security in the Mining - Gold space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Mining - Gold space as it currently has a Zacks Industry Rank of 14 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Alamos Gold is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.

ALAMOS GOLD INC Price and Consensus

ALAMOS GOLD INC Price and Consensus | ALAMOS GOLD INC Quote

In fact, over the past month, current quarter estimates have improved from a loss of 2 cents/share to breakeven, while current year estimates have narrowed from a loss of 3 cents/share to a loss of 1 cent/share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal.

So, if you are looking for a decent pick in a strong industry, consider Alamos Gold. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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