Segall Bryant & Hamill LLC Sells 621,141 Shares of Alamos Gold Inc. $AGI

Segall Bryant & Hamill LLC lessened its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 60.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 409,251 shares of the basic materials company’s stock after selling 621,141 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Alamos Gold were worth $18,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Alamos Gold during the fourth quarter worth $219,475,000. Massachusetts Financial Services Co. MA bought a new position in shares of Alamos Gold in the 4th quarter valued at about $72,410,000. Bank of America Corp DE grew its position in shares of Alamos Gold by 137.3% in the 3rd quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock valued at $91,492,000 after acquiring an additional 1,518,374 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after purchasing an additional 1,227,695 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Alamos Gold by 41.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,139,080 shares of the basic materials company’s stock worth $183,963,000 after purchasing an additional 1,216,977 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Price Performance

Shares of AGI opened at $27.83 on Friday. The company’s 50-day moving average is $32.84 and its 200-day moving average is $40.28. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. The firm has a market capitalization of $11.65 billion, a PE ratio of 10.05, a PEG ratio of 0.36 and a beta of 0.55. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, July 29th. The basic materials company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The business had revenue of $594.10 million during the quarter, compared to the consensus estimate of $593.58 million. Alamos Gold had a net margin of 52.64% and a return on equity of 19.77%. Alamos Gold’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. Equities analysts forecast that Alamos Gold Inc. will post 2.19 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.16 annualized dividend and a yield of 0.6%. Alamos Gold’s dividend payout ratio (DPR) is 5.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AGI. Weiss Ratings cut shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a report on Sunday. Jefferies Financial Group lowered their price target on Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Alamos Gold has a consensus rating of “Moderate Buy” and an average price target of $47.50.

About Alamos Gold

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.