AGI Stock taking a dip?

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Hi! AGI has been in your weekly top stocks for a bit, however the stock is on a downtrend even though they just reported profits. I just want to understand why this might be happening?

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Asked on July 30, 2020 8:42 am
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Iā€™m in for the long term so great! Thanks for your answer!

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Posted by Yash Thapar
Answered on July 30, 2020 11:25 am
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AGI earnings came inline with expectation and beat on revenue. However, the dip is likely because of higher expected AISCs and lower production guidance for 2020. This in large part due to the fact the commissioning of the YD Lower Mine had to be pushed back because of COVID-19, and because several of its properties were shut during April and May.

Long term, there is no reason to be concerned.

Mat

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Posted by Mathieu Litalien
Answered on July 30, 2020 11:02 am
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