Alamos Gold Inc. (NYSE:AGI) Short Interest Up 21.3% in February

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the target of a large 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. Based on an average trading volume of 2,560,000 shares, the short-interest ratio is presently 1.5 days. Currently, 0.9% of the shares of the company are sold short.

Analysts Set New Price Targets

AGI has been the topic of several analyst reports. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $26.06.

Institutional Investors Weigh In On Alamos Gold

Several hedge funds have recently modified their holdings of AGI. Natixis Advisors LLC raised its stake in Alamos Gold by 2.0% during the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock valued at $552,000 after buying an additional 531 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Alamos Gold by 0.3% during the 4th quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company’s stock worth $3,349,000 after buying an additional 614 shares in the last quarter. Veracity Capital LLC boosted its stake in Alamos Gold by 3.2% during the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock valued at $416,000 after buying an additional 694 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 728 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Alamos Gold by 1.2% in the fourth quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company’s stock valued at $1,342,000 after buying an additional 854 shares in the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $26.16 on Thursday. The company’s fifty day moving average price is $22.19 and its 200 day moving average price is $20.36. The firm has a market capitalization of $11.00 billion, a P/E ratio of 37.91, a P/E/G ratio of 0.40 and a beta of 1.15. 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 has a 12 month low of $13.07 and a 12 month high of $26.35.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, sell-side analysts predict that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.38%. Alamos Gold’s dividend payout ratio is presently 14.49%.

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.