Segall Bryant & Hamill LLC cut its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,434,876 shares of the basic materials company's stock after selling 53,909 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.34% of Alamos Gold worth $28,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Alamos Gold by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company's stock worth $216,371,000 after acquiring an additional 250,207 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Alamos Gold by 147.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock worth $119,003,000 after purchasing an additional 4,521,282 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Alamos Gold by 71.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company's stock valued at $97,183,000 after purchasing an additional 2,756,759 shares during the last quarter. CIBC Asset Management Inc lifted its position in Alamos Gold by 79.3% in the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company's stock worth $97,336,000 after buying an additional 2,149,915 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Alamos Gold by 31.9% in the second quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company's stock worth $68,576,000 after buying an additional 1,058,000 shares in the last quarter. Institutional investors own 64.33% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on AGI. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Jefferies Financial Group raised 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. Scotiabank upped their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. StockNews.com lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Finally, National Bank Financial downgraded shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.06.
Check Out Our Latest Stock Report on Alamos Gold
Alamos Gold Stock Down 0.5 %
AGI traded down $0.10 during trading on Wednesday, reaching $18.69. The stock had a trading volume of 480,543 shares, compared to its average volume of 2,367,260. 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 company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 0.79 and a beta of 1.19. The stock's 50 day moving average is $19.91 and its two-hundred day moving average is $18.05. Alamos Gold Inc. has a one year low of $11.24 and a one year high of $21.45.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. As a group, analysts expect that Alamos Gold Inc. will post 0.76 earnings per share for the current year.
Alamos Gold Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a $0.025 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.54%. Alamos Gold's payout ratio is currently 16.67%.
Alamos Gold Company Profile
(
Free Report)
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.
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