Segall Bryant & Hamill LLC Sells 53,909 Shares of Alamos Gold Inc. (NYSE:AGI)

Segall Bryant & Hamill LLC lessened its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,434,876 shares of the basic materials company’s stock after selling 53,909 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.34% of Alamos Gold worth $28,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AGI. Swiss National Bank increased its holdings in Alamos Gold by 4.9% in the 3rd quarter. Swiss National Bank now owns 825,036 shares of the basic materials company’s stock valued at $16,467,000 after buying an additional 38,600 shares during the period. Chesapeake Capital Corp IL lifted its stake in Alamos Gold by 28.7% during the third quarter. Chesapeake Capital Corp IL now owns 20,395 shares of the basic materials company’s stock worth $407,000 after purchasing an additional 4,545 shares during the period. Natixis Advisors LLC lifted its position in shares of Alamos Gold by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after buying an additional 531 shares during the period. CIBC Asset Management Inc boosted its stake in Alamos Gold by 79.3% in the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after buying an additional 2,149,915 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new stake in Alamos Gold in the third quarter valued at $147,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Up 2.6 %

Shares of AGI stock opened at $18.80 on Wednesday. The firm has a fifty day moving average of $19.91 and a 200-day moving average of $18.03. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 30.54, a P/E/G ratio of 0.79 and a beta of 1.19. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The business had revenue of $360.90 million during the quarter. As a group, equities research analysts predict that Alamos Gold Inc. will post 0.76 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a $0.025 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.53%. Alamos Gold’s dividend payout ratio is 16.67%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AGI. Jefferies Financial Group lifted their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, Scotiabank raised their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.06.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.