Why Alamos Gold Stock Is Plummeting Today
This gold producer doesn't expect to glitter as brightly as it previously thought.
Why Alamos Gold Stock Is Plummeting Today
Overview
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%.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
