Segall Bryant & Hamill LLC Cuts Position in Alamos Gold Inc. (NYSE:AGI)

Segall Bryant & Hamill LLC decreased its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.4% during the fourth quarter, HoldingsChannel reports. The firm owned 1,385,651 shares of the basic materials company’s stock after selling 49,225 shares during the period. Segall Bryant & Hamill LLC’s holdings in Alamos Gold were worth $25,551,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 856 shares during the last quarter. R Squared Ltd purchased a new position in Alamos Gold in the 4th quarter worth $61,000. Daiwa Securities Group Inc. bought a new stake in Alamos Gold in the fourth quarter worth $136,000. Finally, XTX Topco Ltd purchased a new stake in Alamos Gold during the third quarter valued at about $207,000. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AGI shares. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold Stock Down 1.7 %

NYSE:AGI opened at $25.67 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The firm has a market cap of $10.79 billion, a P/E ratio of 37.21, a P/E/G ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $26.35. The firm has a 50-day simple moving average of $22.59 and a two-hundred day simple moving average of $20.53.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. Analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold’s dividend payout ratio is 14.49%.

Alamos Gold 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.