Alamos Gold Inc. (NYSE:AGI) Sees Significant Increase in Short Interest

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

Analyst Ratings Changes

Several brokerages have recently weighed in on AGI. StockNews.com downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Bank of America dropped their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Royal Bank of Canada boosted their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.38.

Alamos Gold Price Performance

Shares of AGI stock traded down $0.52 during midday trading on Thursday, reaching $26.62. 3,320,195 shares of the company traded hands, compared to its average volume of 2,655,427. Alamos Gold has a 1-year low of $15.01 and a 1-year high of $31.00. The firm has a market cap of $11.19 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. The firm's 50 day simple moving average is $26.46 and its two-hundred day simple moving average is $22.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate 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 return on equity of 10.05% and a net margin of 21.11%. Alamos Gold's quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. On average, equities research analysts expect that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's payout ratio is 16.13%.

Institutional Investors Weigh In On Alamos Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew its position in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 1,157 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of Alamos Gold during the 1st quarter valued at about $41,000. SBI Securities Co. Ltd. lifted its holdings in shares of Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after acquiring an additional 660 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Alamos Gold by 51.8% in 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 last quarter. Finally, R Squared Ltd purchased a new stake in Alamos Gold in the fourth quarter valued at approximately $61,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

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.