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Why Alamos Gold Stock Is Plummeting Today
Key takeaways
- AGI NVDA The price of gold may be inching higher today, but you couldn t tell based on the downward movement in Alamos Gold (NYSE: AGI) stock.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- After Alamos Gold provided an update regarding operational challenges at its Young-Davidson mine in Ontario last week, Bank of America reduced its price target on Alamos Gold stock today to $50 from $57.
AGI NVDA The price of gold may be inching higher today, but you couldn t tell based on the downward movement in Alamos Gold (NYSE: AGI) stock. Oftentimes, the prices of gold stocks move with changes in the price of gold; however, Alamos Gold downwardly revised its second-quarter forecast, prompting investors to click the sell button today.
As of 10:27 a.m. ET, shares of Alamos Gold are down 14.6%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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