Short Interest in Alamos Gold Inc. (NYSE:AGI) Rises By 21.3%

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

Alamos Gold Trading Up 1.2 %

Alamos Gold stock traded up $0.32 during trading on Wednesday, hitting $26.16. The company had a trading volume of 3,056,878 shares, compared to its average volume of 2,782,375. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The company’s 50 day simple moving average is $22.05 and its 200-day simple moving average is $20.32. Alamos Gold has a 1-year low of $13.07 and a 1-year high of $26.35. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 37.91, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.

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

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Wall Street Analysts Forecast Growth

AGI has been the subject of several recent analyst reports. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their price target on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $26.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AGI. Blue Trust Inc. lifted its holdings in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after buying an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares during the period. R Squared Ltd acquired a new stake in shares of Alamos Gold in the fourth quarter valued at $61,000. Cutler Capital Management LLC purchased a new position in Alamos Gold in the fourth quarter valued at $108,000. Finally, Daiwa Securities Group Inc. acquired a new position in Alamos Gold during the 4th quarter worth $136,000. 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.