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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 2,940,000 shares, an increase 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 days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AGI shares. Jefferies Financial Group upped their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, National Bank Financial raised 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, the stock has a consensus rating of “Buy” and a consensus price target of $25.06.

Hedge Funds Weigh In On Alamos Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Natixis Advisors LLC boosted its stake in shares of Alamos Gold by 2.0% in the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after acquiring an additional 531 shares during the period. Captrust Financial Advisors grew its stake in Alamos Gold by 4.0% during the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 728 shares in the last quarter. Foundation Resource Management Inc. increased its holdings in Alamos Gold by 3.0% in the 3rd quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock valued at $826,000 after acquiring an additional 1,190 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Alamos Gold by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock worth $1,042,000 after purchasing an additional 1,654 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Alamos Gold by 18.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 2,141 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 2.2 %

Shares of Alamos Gold stock traded up $0.40 on Tuesday, reaching $18.47. The company’s stock had a trading volume of 1,040,287 shares, compared to its average volume of 2,357,800. Alamos Gold has a 52 week low of $11.24 and a 52 week high of $21.45. The firm’s fifty day simple moving average is $19.16 and its two-hundred day simple moving average is $18.57. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

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

Alamos Gold Announces Dividend

The company also recently declared 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. The ex-dividend date was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.54%. Alamos Gold’s dividend payout ratio is currently 16.67%.

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.