Short Interest in Alamos Gold Inc. (NYSE:AGI) Increases By 32.5%

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 5,670,000 shares, an increase of 32.5% from the March 31st total of 4,280,000 shares. Based on an average daily volume of 3,470,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.4% of the company's stock are short sold.

Alamos Gold Stock Performance

NYSE AGI traded up $1.14 during trading hours on Tuesday, hitting $26.84. The company had a trading volume of 2,475,528 shares, compared to its average volume of 2,620,579. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The company has a market cap of $11.29 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The business has a 50 day moving average of $26.28 and a 200-day moving average of $22.17. Alamos Gold has a 1-year low of $15.01 and a 1-year high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The business had revenue of $333.00 million during the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm's quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. As a group, equities research analysts expect that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.37%. Alamos Gold's dividend payout ratio (DPR) is 16.13%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AGI shares. Royal Bank of Canada upped their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Bank of America cut their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, StockNews.com downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.38.

Hedge Funds Weigh In On Alamos Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Alamos Gold by 296.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after buying an additional 5,516,186 shares during the period. Norges Bank bought a new stake in Alamos Gold during the fourth quarter worth approximately $100,694,000. CIBC Asset Management Inc raised its holdings in Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after buying an additional 2,867,027 shares during the period. Addenda Capital Inc. acquired a new stake in Alamos Gold during the 4th quarter valued at $34,869,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Alamos Gold during the fourth quarter worth approximately $28,950,000. 64.33% of the stock is owned by hedge funds and other 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.