Alamos Gold Inc. (NYSE:AGI) Short Interest Up 7.7% in October

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,340,000 shares, an increase of 7.7% from the October 15th total of 3,100,000 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 2,480,000 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Alamos Gold

Several large investors have recently made changes to their positions in the stock. Hara Capital LLC acquired a new position in Alamos Gold during the third quarter worth $47,000. Baldwin Brothers LLC MA bought a new stake in shares of Alamos Gold during the 2nd quarter worth about $47,000. Daiwa Securities Group Inc. acquired a new stake in Alamos Gold in the 2nd quarter worth about $48,000. Eastern Bank acquired a new stake in Alamos Gold in the 3rd quarter worth about $111,000. Finally, Employees Retirement System of Texas acquired a new stake in Alamos Gold in the 2nd quarter worth about $88,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Up 4.5 %

Shares of NYSE AGI opened at $18.33 on Tuesday. The company’s 50 day simple moving average is $19.90 and its 200 day simple moving average is $18.00. Alamos Gold has a fifty-two week low of $11.24 and a fifty-two week high of $21.45. The firm has a market capitalization of $7.70 billion, a P/E ratio of 30.54, a P/E/G ratio of 0.79 and a beta of 1.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The firm had revenue of $360.90 million during the quarter. On average, analysts predict that Alamos Gold will post 0.76 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s dividend payout ratio is 16.67%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AGI shares. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Scotiabank upped their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Royal Bank of Canada upped 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. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Finally, Jefferies Financial Group upped their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Alamos Gold currently has an average rating of “Moderate Buy” and an average price target of $25.06.

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.