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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 5,370,000 shares, a decrease of 6.1% from the July 31st total of 5,720,000 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 1,970,000 shares, the short-interest ratio is presently 2.7 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Scotiabank lifted their price target on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group lifted their target price on Alamos Gold from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Alamos Gold currently has an average rating of “Moderate Buy” and an average price target of $22.06.

Alamos Gold Stock Down 4.3 %

Alamos Gold stock opened at $18.45 on Wednesday. Alamos Gold has a 52 week low of $10.78 and a 52 week high of $20.24. The company’s 50 day moving average price is $17.55 and its two-hundred day moving average price is $15.74. The stock has a market cap of $7.37 billion, a P/E ratio of 35.48, a P/E/G ratio of 0.83 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $332.60 million for the quarter, compared to analyst estimates of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. Alamos Gold’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. On average, equities analysts anticipate that Alamos Gold will post 0.75 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, September 12th. Alamos Gold’s dividend payout ratio (DPR) is currently 19.23%.

Institutional Trading of Alamos Gold

A number of large investors have recently added to or reduced their stakes in the stock. Cheviot Value Management LLC grew its position in shares of Alamos Gold by 2.0% during the 4th quarter. Cheviot Value Management LLC now owns 51,927 shares of the basic materials company’s stock valued at $699,000 after acquiring an additional 1,000 shares during the period. Natixis Advisors L.P. grew its holdings in Alamos Gold by 3.6% during the fourth quarter. Natixis Advisors L.P. now owns 32,588 shares of the basic materials company’s stock valued at $438,000 after purchasing an additional 1,137 shares during the period. Venturi Wealth Management LLC increased its position in Alamos Gold by 20.7% in the first quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock worth $103,000 after buying an additional 1,200 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Alamos Gold by 3.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company’s stock worth $609,000 after buying an additional 1,282 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Alamos Gold by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock valued at $1,042,000 after buying an additional 1,654 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

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.