Alamos Gold Class A (NYSE:AGI) Shorted Shares Increased 6.44% After Market Selling


The stock of Alamos Gold Class A (NYSE:AGI) registered an increase of 6.44% in short interest. AGI’s total short interest was 3.29 million shares in September as published by FINRA. Its up 6.44% from 3.09 million shares, reported previously. With 1.76 million 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 1.24%. About 3.42 million shares traded hands or 101.18% up from the average. Alamos Gold Inc (USA) (NYSE:AGI) has risen 113.63% since February 8, 2016 and is uptrending. It has outperformed by 97.14% 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 $2.34 billion. The Firm owns and operates the Young-Davidson mine in Canada. It has a 17.22 P/E ratio. 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.

Out of 6 analysts covering Alliance Gaming (NYSE:AGI), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $6.50 is the highest target while $4.75 is the lowest. The $5.13 average target is -39.22% below today’s ($8.44) stock price. Alliance Gaming has been the topic of 10 analyst reports since October 16, 2015 according to StockzIntelligence Inc. National Bank Canada upgraded the stock on May 27 to “Outperform” rating.

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