Alamos Gold Inc (NYSE:AGI) Short Interest Update

Alamos Gold Inc (NYSE:AGI) (TSE:AGI) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 4,890,000 shares, an increase of 47.3% from the September 15th total of 3,320,000 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 2,740,000 shares, the short-interest ratio is presently 1.8 days.

Several large investors have recently made changes to their positions in AGI. Flagship Harbor Advisors LLC purchased a new stake in shares of Alamos Gold in the third quarter valued at about $39,000. Macquarie Group Ltd. purchased a new position in Alamos Gold during the second quarter worth about $40,000. Pathstone Family Office LLC purchased a new position in Alamos Gold during the first quarter worth about $50,000. Rockefeller Capital Management L.P. purchased a new position in Alamos Gold during the second quarter worth about $71,000. Finally, HighTower Advisors LLC purchased a new position in Alamos Gold during the first quarter worth about $77,000. 53.48% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on AGI shares. Credit Suisse Group reiterated a “hold” rating and set a $8.25 target price on shares of Alamos Gold in a research note on Wednesday, July 15th. Stifel Nicolaus boosted their price target on shares of Alamos Gold from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Zacks Investment Research cut shares of Alamos Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, September 15th. CIBC boosted their price target on shares of Alamos Gold from $18.00 to $19.25 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Finally, Bank of America reduced their price target on shares of Alamos Gold from $10.50 to $10.00 and set an “underperform” rating for the company in a research report on Thursday, October 8th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Alamos Gold presently has a consensus rating of “Hold” and an average target price of $13.39.

Shares of NYSE:AGI traded down $0.33 on Friday, reaching $8.53. The company’s stock had a trading volume of 3,043,578 shares, compared to its average volume of 3,307,422. The stock’s 50-day moving average is $9.44 and its two-hundred day moving average is $8.82. Alamos Gold has a 52-week low of $3.34 and a 52-week high of $11.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.81 and a quick ratio of 2.63. The stock has a market capitalization of $3.35 billion, a P/E ratio of 60.93, a PEG ratio of 0.86 and a beta of 1.14.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, July 29th. The basic materials company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Alamos Gold had a net margin of 8.32% and a return on equity of 3.54%. The business had revenue of $126.20 million during the quarter, compared to analysts’ expectations of $111.60 million. During the same period in the prior year, the company earned $0.05 earnings per share. The business’s revenue was down 24.9% compared to the same quarter last year. Equities analysts forecast that Alamos Gold will post 0.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.70%. Alamos Gold’s payout ratio is 30.00%.

Alamos Gold Company Profile

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.

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