Alamos Gold Inc. (NYSE:AGI) Short Interest Update
Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 4,150,000 shares, a growth of 56.0% from the April 30th total of 2,660,000 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 3,870,000 shares, the days-to-cover ratio is presently 1.1 days.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new stake in Alamos Gold in the 1st quarter worth approximately $26,000. Eagle Bay Advisors LLC lifted its stake in shares of Alamos Gold by 104.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 4,343 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 2,216 shares during the period. SeaBridge Investment Advisors LLC purchased a new position in shares of Alamos Gold in the 4th quarter valued at approximately $77,000. Peapack Gladstone Financial Corp purchased a new position in shares of Alamos Gold in the 4th quarter valued at approximately $81,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Alamos Gold by 58.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 3,665 shares during the period. Institutional investors and hedge funds own 62.33% of the company’s stock.
NYSE AGI traded up $0.01 on Friday, hitting $7.58. The company’s stock had a trading volume of 2,664,219 shares, compared to its average volume of 3,635,529. Alamos Gold has a 52-week low of $6.51 and a 52-week high of $9.38. The company’s 50-day simple moving average is $8.03 and its 200 day simple moving average is $7.69.
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Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last released its quarterly earnings data on Wednesday, February 23rd. The basic materials company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Alamos Gold had a positive return on equity of 4.85% and a negative net margin of 16.19%. The business had revenue of $203.10 million during the quarter, compared to analysts’ expectations of $202.05 million. Sell-side analysts predict that Alamos Gold will post 0.33 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, March 16th. Alamos Gold’s dividend payout ratio (DPR) is currently -31.25%.
Several equities analysts have recently commented on the company. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Friday, April 29th. Stifel Nicolaus increased their price objective on Alamos Gold from C$17.50 to C$18.25 in a research report on Friday. Zacks Investment Research lowered Alamos Gold from a “buy” rating to a “hold” rating in a research report on Friday, May 13th. Canaccord Genuity Group upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Finally, StockNews.com started coverage on Alamos Gold in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $12.22.
Alamos Gold Company Profile (Get Rating)
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company’s flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 hectares located in Matachewan in the Northern Ontario, Canada.
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