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

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

Analyst Upgrades and Downgrades

AGI has been the subject of several recent analyst reports. Royal Bank of Canada increased their target price on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $26.06.

Alamos Gold Trading Up 1.2 %

NYSE AGI opened at $26.16 on Thursday. Alamos Gold has a 12 month low of $13.07 and a 12 month high of $26.35. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $11.00 billion, a PE ratio of 37.91, a P/E/G ratio of 0.40 and a beta of 1.15. The stock has a 50-day simple moving average of $22.19 and a 200 day simple moving average of $20.36.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Research analysts forecast that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.38%. Alamos Gold’s payout ratio is currently 14.49%.

Institutional Trading of Alamos Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Old West Investment Management LLC boosted its position in Alamos Gold by 11.0% during the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after purchasing an additional 48,128 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Alamos Gold during the 3rd quarter worth $258,000. Natixis Advisors LLC lifted its position in shares of Alamos Gold by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after buying an additional 531 shares during the last quarter. Chesapeake Capital Corp IL boosted its stake in Alamos Gold by 28.7% in the third quarter. Chesapeake Capital Corp IL now owns 20,395 shares of the basic materials company’s stock valued at $407,000 after buying an additional 4,545 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Alamos Gold by 4.9% in the third quarter. Swiss National Bank now owns 825,036 shares of the basic materials company’s stock valued at $16,467,000 after buying an additional 38,600 shares in the last quarter. 64.33% of the stock is owned by institutional investors.

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.