Short Interest in Alamos Gold Inc. (NYSE:AGI) Grows By 23.0%

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw a large increase in short interest in the month of 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. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 2,430,000 shares, the short-interest ratio is presently 1.2 days.

Alamos Gold Trading Up 2.0 %

Shares of NYSE AGI traded up $0.37 during trading hours on Tuesday, hitting $18.44. 1,627,162 shares of the company traded hands, compared to its average volume of 2,359,503. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The company’s 50 day moving average price is $19.16 and its 200 day moving average price is $18.57. Alamos Gold has a 12 month low of $11.24 and a 12 month high of $21.45. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its 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). 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, equities research analysts anticipate that Alamos Gold will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

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

Institutional Investors Weigh In On Alamos Gold

Several hedge funds and other institutional investors have recently modified their holdings of AGI. Natixis Advisors LLC lifted its holdings in Alamos Gold by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock valued at $552,000 after buying an additional 531 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Alamos Gold by 4.0% in the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 728 shares during the period. Foundation Resource Management Inc. grew its stake in Alamos Gold by 3.0% in the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock worth $826,000 after purchasing an additional 1,190 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Alamos Gold by 2.6% during 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 during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Alamos Gold by 18.4% during 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 during the period. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AGI has been the subject of several recent analyst reports. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada raised 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. Jefferies Financial Group boosted their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and an average target price 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.