Alamos Gold Inc. (NYSE:AGI) Short Interest Update

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI was the target of a significant increase in short interest in 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 shares of the company are short sold. Based on an average daily trading volume, of 2,560,000 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AGI shares. National Bank Financial raised Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on shares of 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 stock currently has an average rating of "Buy" and an average price target of $26.06.

Alamos Gold Trading Down 0.1 %

NYSE AGI traded down $0.04 during trading hours on Friday, hitting $26.06. The company's stock had a trading volume of 6,416,815 shares, compared to its average volume of 2,325,496. The stock has a fifty day moving average of $22.46 and a 200 day moving average of $20.45. Alamos Gold has a twelve month low of $13.44 and a twelve month high of $26.35. The firm has a market capitalization of $10.95 billion, a P/E ratio of 37.76, a PEG ratio of 0.40 and a beta of 1.15. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.

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Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Equities research analysts forecast that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Thursday, March 13th. Alamos Gold's payout ratio is 14.49%.

Institutional Trading of Alamos Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Alamos Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock valued at $295,105,000 after purchasing an additional 279,280 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Alamos Gold by 17.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock valued at $173,991,000 after acquiring an additional 1,424,550 shares during the period. CIBC Asset Management Inc increased its position in Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after acquiring an additional 2,867,027 shares during the period. Renaissance Technologies LLC increased its position in shares of Alamos Gold by 4.4% during the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company's stock worth $138,932,000 after buying an additional 318,360 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Alamos Gold by 296.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock worth $136,011,000 after buying an additional 5,516,186 shares during the period. Institutional investors and hedge funds 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.