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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 3,820,000 shares, an increase of 21.3% from the February 13th total of 3,150,000 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 2,560,000 shares, the days-to-cover ratio is presently 1.5 days.

Alamos Gold Stock Performance

AGI traded down $0.00 during midday trading on Tuesday, reaching $25.83. The company had a trading volume of 4,746,279 shares, compared to its average volume of 2,305,698. The business has a 50-day moving average price of $21.91 and a two-hundred day moving average price of $20.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold has a 12-month low of $13.06 and a 12-month high of $26.42. The stock has a market cap of $10.86 billion, a PE ratio of 37.43, a P/E/G ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, sell-side analysts expect that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s dividend payout ratio is currently 14.49%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upped their target price on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $26.06.

Hedge Funds Weigh In On Alamos Gold

Several large investors have recently modified their holdings of AGI. PKO Investment Management Joint Stock Co purchased a new stake in shares of Alamos Gold during the 4th quarter valued at approximately $3,331,000. B. Riley Wealth Advisors Inc. raised its holdings in Alamos Gold by 45.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 185,652 shares of the basic materials company’s stock valued at $3,423,000 after acquiring an additional 58,402 shares during the period. Mackenzie Financial Corp lifted its position in shares of Alamos Gold by 2.0% during the fourth quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company’s stock worth $135,855,000 after acquiring an additional 145,726 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of Alamos Gold in the fourth quarter worth $711,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Alamos Gold in the fourth quarter valued at $4,260,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

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.