Thesis
Alamos Gold (AGI) is a prominent mid-tier Canadian gold producer whose share price has staged a perfect run following gold's footsteps. However, I won't recommend initiating a fresh position in AGI purely based on its recent momentum. In fact, I believe the current stock price (considered in tandem with the prevailing gold price environment) provides an opportunity to book some profit.
In this article, we will discuss AGI's technical picture to predict the stock's direction in line with the recent gold rally. We will also take a look at AGI's current valuation