Alamos Gold Inc. Sees Notable Growth in Short Interest

Alamos Gold Inc. (NYSE:AGI - Get Free Report) recently experienced a considerable increase in short interest during February. As of February 28th, the total number of shares sold short reached 3,820,000, reflecting a 21.3% rise from the 3,150,000 shares recorded on February 13th. Currently, shorted shares account for approximately 0.9% of the company’s total shares. With an average trading volume of 2,560,000 shares, the short-interest ratio stands at 1.5 days.

Analysts Raise Price Targets

Several analysts have recently updated their price targets for Alamos Gold. On February 11th, the Royal Bank of Canada raised its price objective from $25.00 to $27.00 and assigned an "outperform" rating to the stock. Similarly, National Bank Financial upgraded its rating on Alamos Gold from "sector perform" to "outperform" on December 3rd. Overall, six analysts have provided buy ratings for the stock, leading to a consensus rating of "Buy" with an average price target of $26.06 according to MarketBeat.com.

Institutional Trading Activity

Recently, numerous institutional investors have made adjustments to their holdings in Alamos Gold. For instance, Blue Trust Inc. increased its stake by 155.7% in the last quarter, now owning 1,900 shares valued at around $38,000. Meanwhile, Thurston Springer Miller Herd & Titak Inc. boosted its holdings by 51.8% during the same period, owning 2,510 shares worth $46,000. Other firms such as R Squared Ltd and Cutler Capital Management LLC also acquired new positions in Alamos Gold. Notably, institutional investors now control 64.33% of the company's shares.

Recent Trading Performance

On Tuesday, Alamos Gold's stock traded at $25.83, remaining stable with minimal changes. About 4,746,279 shares exchanged hands, surpassing its average volume of 2,305,698 shares. The company's notable financial metrics include a debt-to-equity ratio of 0.08, a quick ratio of 0.96, and a current ratio of 1.51. Alamos Gold holds a market capitalization of $10.86 billion with a price-to-earnings (P/E) ratio of 37.43. Over the last year, the stock has seen a low of $13.06 and a high of $26.42.

Earnings Results and Future Outlook

Alamos Gold last reported earnings on February 19th, indicating a quarterly earnings per share (EPS) of $0.25, which exceeded analysts' expectations of $0.24. The company generated revenue of $375.80 million, though this fell short of predictions that estimated $388.06 million. Analysts forecast that the EPS for Alamos Gold will reach approximately 1.29 for the current fiscal year.

Dividend Announcement

The company has declared a quarterly dividend of $0.025 per share, which will be distributed on March 27th to shareholders recorded by March 13th. This annualizes to a total dividend of $0.10, providing a yield of 0.39%. The ex-dividend date falls on March 13th, and Alamos Gold's current dividend payout ratio is 14.49%.

About Alamos Gold Inc.

Alamos Gold Inc. is engaged in the acquisition, exploration, development, and extraction of precious metals, focusing primarily on gold in Canada and Mexico. It owns significant interests in several mining operations, including the Young-Davidson and Island Gold mines in Ontario, Canada, the Mulatos mine in Sonora, Mexico, and the Lynn Lake project in Manitoba, Canada.

Alamos, Gold, Stocks