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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 6,970,000 shares, an increase of 7.1% from the May 31st total of 6,510,000 shares. Based on an average trading volume of 2,470,000 shares, the short-interest ratio is presently 2.8 days. Currently, 1.8% of the shares of the stock are sold short.

Alamos Gold Price Performance

NYSE AGI traded up $0.05 during trading hours on Tuesday, hitting $15.59. 2,273,402 shares of the company’s stock traded hands, compared to its average volume of 2,421,184. Alamos Gold has a 52-week low of $10.78 and a 52-week high of $17.29. The company has a market capitalization of $6.22 billion, a PE ratio of 29.98, a PEG ratio of 0.71 and a beta of 1.16. The firm’s 50-day moving average is $15.91 and its 200-day moving average is $14.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Alamos Gold had a net margin of 19.41% and a return on equity of 7.38%. The company had revenue of $277.60 million during the quarter, compared to analysts’ expectations of $271.15 million. During the same quarter in the prior year, the company earned $0.12 EPS. Alamos Gold’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts predict that Alamos Gold will post 0.7 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.10 annualized dividend and a yield of 0.64%. Alamos Gold’s dividend payout ratio is presently 19.23%.

Institutional Trading of Alamos Gold

Large investors have recently bought and sold shares of the business. Anchor Investment Management LLC purchased a new stake in Alamos Gold during the 4th quarter valued at about $27,000. AJOVista LLC purchased a new stake in shares of Alamos Gold during the 4th quarter valued at approximately $83,000. Fifth Third Bancorp acquired a new position in Alamos Gold in the fourth quarter valued at approximately $96,000. Venturi Wealth Management LLC grew 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 acquiring an additional 1,200 shares during the period. Finally, St. Johns Investment Management Company LLC purchased a new position in Alamos Gold in the first quarter worth approximately $115,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AGI. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group upped their price objective on shares of Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.75 to $27.25 in a research report on Tuesday, April 9th. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.15.

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.