Short Interest in Alamos Gold Inc (NYSE:AGI) Expands By 11.7%

Alamos Gold Inc (NYSE:AGI) (TSE:AGI) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 10,020,000 shares, an increase of 11.7% from the January 15th total of 8,970,000 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is presently 4.2 days.

AGI stock opened at $6.00 on Friday. Alamos Gold has a 1 year low of $4.17 and a 1 year high of $7.78. The company has a fifty day simple moving average of $5.97 and a 200 day simple moving average of $6.02. The firm has a market cap of $2.36 billion, a PE ratio of 40.27, a PEG ratio of 0.46 and a beta of 0.09.

Institutional investors have recently added to or reduced their stakes in the business. Euro Pacific Asset Management LLC bought a new stake in Alamos Gold during the fourth quarter worth about $117,000. Guggenheim Capital LLC grew its stake in Alamos Gold by 40.4% during the fourth quarter. Guggenheim Capital LLC now owns 428,963 shares of the basic materials company’s stock worth $2,582,000 after buying an additional 123,366 shares during the last quarter. UBS Group AG grew its stake in Alamos Gold by 119.0% during the fourth quarter. UBS Group AG now owns 218,778 shares of the basic materials company’s stock worth $1,317,000 after buying an additional 118,883 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Alamos Gold by 95.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 106,404 shares of the basic materials company’s stock worth $641,000 after buying an additional 51,896 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in Alamos Gold by 21.2% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 810,194 shares of the basic materials company’s stock worth $4,878,000 after buying an additional 141,765 shares during the last quarter. 58.46% of the stock is owned by hedge funds and other institutional investors.

AGI has been the subject of several analyst reports. Zacks Investment Research raised shares of Alamos Gold from a “strong sell” rating to a “hold” rating and set a $6.75 price objective for the company in a research note on Tuesday. ValuEngine raised shares of Alamos Gold from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $6.25 price objective on shares of Alamos Gold in a research note on Sunday, February 9th. Finally, Credit Suisse Group lowered shares of Alamos Gold from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $10.00 to $7.50 in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Alamos Gold currently has a consensus rating of “Hold” and a consensus price target of $8.00.

Alamos Gold Company Profile

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.

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