Alamos Gold Inc. $AGI Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,264,758 shares of the basic materials company’s stock after selling 39,920 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Alamos Gold were worth $33,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AGI. Legal & General Group Plc lifted its stake in shares of Alamos Gold by 82.4% in the 2nd quarter. Legal & General Group Plc now owns 1,832,731 shares of the basic materials company’s stock worth $48,651,000 after acquiring an additional 827,877 shares during the period. Magnetar Financial LLC raised its holdings in Alamos Gold by 84.0% during the second quarter. Magnetar Financial LLC now owns 295,022 shares of the basic materials company’s stock worth $7,836,000 after purchasing an additional 134,690 shares in the last quarter. Swiss National Bank raised its holdings in Alamos Gold by 55.3% during the second quarter. Swiss National Bank now owns 1,277,936 shares of the basic materials company’s stock worth $33,860,000 after purchasing an additional 455,100 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in Alamos Gold in the second quarter worth approximately $2,868,000. Finally, Accordant Advisory Group Inc boosted its stake in Alamos Gold by 52.7% during the 2nd quarter. Accordant Advisory Group Inc now owns 112,645 shares of the basic materials company’s stock valued at $2,992,000 after purchasing an additional 38,862 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Up 1.1%

Shares of NYSE AGI opened at $32.61 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 12 month low of $17.80 and a 12 month high of $37.54. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 0.50 and a beta of 0.50. The business has a fifty day simple moving average of $32.98 and a 200-day simple moving average of $29.09.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.The firm had revenue of $462.30 million for the quarter, compared to the consensus estimate of $490.96 million. During the same quarter in the previous year, the company earned $0.19 EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. Sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold’s payout ratio is currently 7.81%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. National Bankshares reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Wall Street Zen raised Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. TD Securities reiterated a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. Zacks Research downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Finally, Bank of America raised their price objective on shares of Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $41.00.

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.