Alamos Gold Inc. (NYSE:AGI) Sees Significant Growth in Short Interest

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,820,000 shares, an increase of 21.3% from the February 13th total of 3,150,000 shares. Based on an average daily trading volume, of 2,560,000 shares, the short-interest ratio is currently 1.5 days. Currently, 0.9% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research firms recently commented on AGI. Royal Bank of Canada lifted their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $26.06.

Institutional Trading of Alamos Gold

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after buying an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 856 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Alamos Gold in the fourth quarter worth approximately $61,000. Cutler Capital Management LLC bought a new position in shares of Alamos Gold in the fourth quarter valued at approximately $108,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold during the fourth quarter valued at approximately $136,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Down 0.0 %

Shares of Alamos Gold stock traded down $0.00 on Tuesday, reaching $25.83. 4,746,279 shares of the company’s stock were exchanged, compared to its average volume of 2,305,698. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The company has a market capitalization of $10.86 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The firm’s 50-day moving average is $21.91 and its two-hundred day moving average is $20.27. Alamos Gold has a 52 week low of $13.06 and a 52 week high of $26.42.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Sell-side analysts predict that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s dividend payout ratio is currently 14.49%.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.