Alamos Gold Inc. (NYSE:AGI) Short Interest Update

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,940,000 shares, a growth of 23.0% from the November 30th total of 2,390,000 shares. Based on an average daily volume of 2,430,000 shares, the short-interest ratio is currently 1.2 days. Approximately 0.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AGI shares. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada lifted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $25.06.

Institutional Investors Weigh In On Alamos Gold

A number of large investors have recently added to or reduced their stakes in AGI. Hara Capital LLC purchased a new position in Alamos Gold in the third quarter worth about $47,000. Daiwa Securities Group Inc. bought a new stake in Alamos Gold during the second quarter valued at approximately $48,000. Employees Retirement System of Texas purchased a new stake in Alamos Gold during the second quarter valued at approximately $88,000. Eastern Bank purchased a new position in shares of Alamos Gold during the 3rd quarter worth $111,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Alamos Gold during the 3rd quarter valued at $147,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 2.0 %

NYSE:AGI traded up $0.37 on Tuesday, reaching $18.44. 1,627,162 shares of the stock traded hands, compared to its average volume of 2,359,503. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 0.93 and a beta of 1.15. Alamos Gold has a 12 month low of $11.24 and a 12 month high of $21.45. The company’s fifty day simple moving average is $19.16 and its 200 day simple moving average is $18.57.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. Equities analysts predict that Alamos Gold will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio is currently 16.67%.

Alamos Gold Company Profile

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.