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

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI was the target of a large increase in short interest in the month of 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. Based on an average daily volume of 2,480,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.8% of the shares of the company are sold short.

Alamos Gold Price Performance

Shares of AGI stock traded up $0.48 on Tuesday, hitting $18.80. 1,877,670 shares of the stock traded hands, compared to its average volume of 2,375,672. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 0.79 and a beta of 1.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $19.91 and a two-hundred day simple moving average of $18.03. Alamos Gold has a 52 week low of $11.24 and a 52 week high of $21.45.

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 analysts' consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. As a group, equities research analysts predict that Alamos Gold will post 0.76 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a $0.025 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.53%. Alamos Gold's payout ratio is 16.67%.

Institutional Investors Weigh In On Alamos Gold

Several institutional investors and hedge funds have recently modified their holdings of AGI. Toronto Dominion Bank grew its stake in Alamos Gold by 20.6% during the third quarter. Toronto Dominion Bank now owns 178,946 shares of the basic materials company's stock valued at $3,568,000 after acquiring an additional 30,548 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Alamos Gold by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock valued at $6,224,000 after purchasing an additional 29,933 shares during the last quarter. Barclays PLC grew its position in shares of Alamos Gold by 46.6% during the third quarter. Barclays PLC now owns 322,402 shares of the basic materials company's stock valued at $6,428,000 after purchasing an additional 102,525 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Alamos Gold in the third quarter worth about $207,000. Finally, National Bank of Canada FI lifted its position in shares of Alamos Gold by 18.4% in the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company's stock worth $30,492,000 after buying an additional 237,278 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AGI shares. Jefferies Financial Group increased their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a research note 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. Royal Bank of Canada raised their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Scotiabank lifted their target price on Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. Finally, StockNews.com cut Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $25.06.

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.