Segall Bryant & Hamill LLC Sells 80,973 Shares of Alamos Gold Inc. (NYSE:AGI)

Segall Bryant & Hamill LLC trimmed its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 5.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,304,678 shares of the basic materials company's stock after selling 80,973 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.31% of Alamos Gold worth $34,887,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Alamos Gold by 296.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after purchasing an additional 5,516,186 shares in the last quarter. Norges Bank bought a new stake in shares of Alamos Gold during the fourth quarter valued at about $100,694,000. Raymond James Financial Inc. bought a new stake in shares of Alamos Gold during the fourth quarter valued at about $28,950,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Alamos Gold by 17.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock valued at $173,991,000 after purchasing an additional 1,424,550 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Alamos Gold by 106.1% during the fourth quarter. Two Sigma Investments LP now owns 1,288,696 shares of the basic materials company's stock valued at $23,764,000 after purchasing an additional 663,381 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AGI. Royal Bank Of Canada lifted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. CIBC restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Stifel Nicolaus started coverage on Alamos Gold in a report on Wednesday, July 9th. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $30.38.

Alamos Gold Price Performance

NYSE:AGI traded down $0.52 during mid-day trading on Friday, reaching $24.86. 4,112,036 shares of the stock were exchanged, compared to its average volume of 2,964,582. The business has a fifty day moving average price of $26.24 and a 200 day moving average price of $24.79. The firm has a market capitalization of $10.45 billion, a PE ratio of 40.10, a PEG ratio of 0.56 and a beta of 0.54. Alamos Gold Inc. has a 1-year low of $15.74 and a 1-year high of $31.00. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The company had revenue of $333.00 million during the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The company's revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. Research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a $0.025 dividend. The ex-dividend date was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.40%. Alamos Gold's dividend payout ratio is currently 16.13%.

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.