Short Interest in Alamos Gold Inc. (NYSE:AGI) Increases By 7.7%

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the target of a significant increase in short interest in 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 company’s stock are short sold. Based on an average trading volume of 2,480,000 shares, the short-interest ratio is presently 1.3 days.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AGI shares. Scotiabank upped their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Royal Bank of Canada increased their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group raised their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. National Bank Financial downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Alamos Gold currently has an average rating of “Moderate Buy” and a consensus target price of $25.06.

Alamos Gold Trading Up 4.5 %

Shares of AGI stock opened at $18.33 on Tuesday. Alamos Gold has a 12 month low of $11.24 and a 12 month high of $21.45. The company has a market cap of $7.70 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.19. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $19.90 and its two-hundred day moving average is $18.00.

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

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.55%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AGI. Russell Investments Group Ltd. raised its holdings in Alamos Gold by 66.2% in the 1st quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock worth $2,829,000 after acquiring an additional 76,379 shares during the period. Vanguard Group Inc. raised its holdings in Alamos Gold by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company’s stock worth $216,371,000 after acquiring an additional 250,207 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Alamos Gold by 11.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 157,438 shares of the basic materials company’s stock worth $2,322,000 after acquiring an additional 16,301 shares during the period. National Bank of Canada FI increased its holdings in shares of Alamos Gold by 3.4% during the 1st quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company’s stock worth $21,824,000 after purchasing an additional 45,412 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Alamos Gold by 131.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company’s stock worth $1,434,000 after purchasing an additional 55,352 shares during the period. Institutional investors own 64.33% of the company’s stock.

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.