Important Short Interest Filing: Could Alamos Gold Class A (NYSE:AGI) Change Direction After More Shorts?

November 23, 2016 - By Richard Conner   ·   0 Comments

Important Short Interest Filing: Could Alamos Gold Class A (NYSE:AGI) Change Direction After More Shorts?

The stock of Alamos Gold Class A (NYSE:AGI) registered an increase of 16.46% in short interest. AGI’s total short interest was 5.27 million shares in November as published by FINRA. Its up 16.46% from 4.53M shares, reported previously. With 2.16M shares average volume, it will take short sellers 2 days to cover their AGI’s short positions. The short interest to Alamos Gold Class A’s float is 1.98%. About 1.57 million shares traded hands. Alamos Gold Inc (USA) (NYSE:AGI) has risen 3.46% since April 21, 2016 and is uptrending. It has underperformed by 1.86% the S&P500.

Alamos Gold Inc. is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The company has a market cap of $1.75 billion. The Firm owns and operates the Young-Davidson mine in Canada. It currently has negative earnings. In addition, the Company owns the AgiDagi, Kirazli and Camyurt gold development projects in Turkey, the Lynn Lake gold project in Canada and the Esperanza gold project in Mexico.

Alamos Gold Inc (USA) (NYSE:AGI) Ratings Coverage

Out of 8 analysts covering Alamos Gold (NYSE:AGI), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Alamos Gold has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. On Monday, June 27 the stock rating was upgraded by Raymond James to “Outperform”. The rating was upgraded by Scotia Capital to “Sector Outperform” on Wednesday, August 12. The firm earned “Buy” rating on Thursday, August 11 by Desjardins Securities. The rating was upgraded by IBC on Wednesday, August 19 to “Sector Outperform”. The firm earned “Sector Perform” rating on Tuesday, August 11 by Howard Weil. Raymond James downgraded Alamos Gold Inc (USA) (NYSE:AGI) on Wednesday, April 20 to “Market Perform” rating. The stock of Alamos Gold Inc (USA) (NYSE:AGI) earned “Sector Perform” rating by RBC Capital Markets on Thursday, March 10. The stock of Alamos Gold Inc (USA) (NYSE:AGI) earned “Hold” rating by Canaccord Genuity on Tuesday, May 3. The firm has “Sector Perform” rating given on Tuesday, March 29 by Scotia Capital. National Bank Canada upgraded the shares of AGI in a report on Friday, May 27 to “Outperform” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Richard Conner


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>