Alamos Gold Inc. (NYSE:AGI) Short Interest Up 23.0% in December

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

Alamos Gold Trading Up 2.0 %

AGI traded up $0.37 during trading on Tuesday, hitting $18.44. 1,775,602 shares of the stock were exchanged, compared to its average volume of 2,361,007. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. Alamos Gold has a 1 year low of $11.24 and a 1 year high of $21.45. The firm has a 50 day simple moving average of $19.10 and a 200 day simple moving average of $18.59.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS 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 business had revenue of $360.90 million during the quarter. As a group, equities analysts expect that Alamos Gold will post 0.77 EPS for the current year.

Alamos Gold Announces Dividend

The business 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 was Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.54%. Alamos Gold's dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AGI. StockNews.com downgraded Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their target price on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Jefferies Financial Group increased their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Finally, National Bank Financial raised Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alamos Gold currently has an average rating of "Buy" and a consensus price target of $25.06.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Hara Capital LLC purchased a new position in Alamos Gold during the 3rd quarter worth $47,000. Daiwa Securities Group Inc. acquired a new position in Alamos Gold during the 2nd quarter valued at approximately $48,000. Employees Retirement System of Texas acquired a new stake in shares of Alamos Gold during the second quarter worth $88,000. Eastern Bank acquired a new position in shares of Alamos Gold in the 3rd quarter valued at $111,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Alamos Gold in the third quarter valued at about $147,000. 64.33% of the stock is owned by institutional investors.

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.