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

Segall Bryant & Hamill LLC cut its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,434,876 shares of the basic materials company’s stock after selling 53,909 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Alamos Gold were worth $28,611,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Natixis Advisors LLC boosted its holdings 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. Foundation Resource Management Inc. increased its stake in shares of Alamos Gold by 3.0% during the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock worth $826,000 after purchasing an additional 1,190 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Alamos Gold by 3.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company’s stock worth $609,000 after purchasing an additional 1,282 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Alamos Gold by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock valued at $1,042,000 after purchasing an additional 1,654 shares during the period. Finally, Easterly Investment Partners LLC grew its holdings in Alamos Gold by 0.6% in the 2nd quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company’s stock valued at $4,358,000 after buying an additional 1,673 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

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

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

Alamos Gold Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

About Alamos Gold

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.