Short Interest in Alamos Gold Inc. (NYSE:AGI) Increases By 114.3%
Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 7,694,301 shares, an increase of 114.3% from the August 31st total of 3,591,252 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average trading volume of 3,128,269 shares, the days-to-cover ratio is currently 2.5 days.
Alamos Gold (AGI) traded down 1.25% during mid-day trading on Friday, hitting $7.10. 1,236,538 shares of the stock were exchanged. The company has a 50 day moving average of $7.40 and a 200 day moving average of $7.25. Alamos Gold has a 12-month low of $5.95 and a 12-month high of $9.00. The firm’s market cap is $2.13 billion.
Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The business had revenue of $131.30 million during the quarter, compared to analyst estimates of $125.71 million. Alamos Gold had a positive return on equity of 0.44% and a negative net margin of 2.61%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. On average, equities analysts anticipate that Alamos Gold will post $0.09 earnings per share for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be given a dividend of $0.01 per share. This represents a dividend yield of 0.3%. The ex-dividend date is Friday, October 13th. Alamos Gold’s dividend payout ratio (DPR) is presently -39.99%.
Several equities analysts have commented on AGI shares. Royal Bank Of Canada set a $9.00 price objective on shares of Alamos Gold and gave the company a “hold” rating in a research report on Tuesday, June 27th. BidaskClub raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. ValuEngine raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $10.67.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Alamos Gold during the second quarter valued at $106,000. Comerica Bank raised its position in Alamos Gold by 1.6% during the first quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock valued at $108,000 after buying an additional 234 shares during the period. World Asset Management Inc raised its position in Alamos Gold by 0.4% during the first quarter. World Asset Management Inc now owns 16,354 shares of the basic materials company’s stock valued at $131,000 after buying an additional 58 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Alamos Gold by 3.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 717 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Alamos Gold by 115.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 20,929 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 11,217 shares during the last quarter. 63.26% of the stock is currently owned by hedge funds and other institutional investors.
About Alamos Gold
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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