Cigna Investments Inc. New Takes Position in Alamos Gold Inc. $AGI

Key Points

• Cigna Investments Inc. has acquired 7,579 shares of Alamos Gold Inc., valued at approximately $201,000, indicating growing institutional interest in the company.
• Alamos Gold reported an earnings per share (EPS) of $0.34 for the last quarter, surpassing analyst expectations and reflecting a strong year-over-year revenue increase of 31.7%.
• The company has declared a quarterly dividend of $0.025, resulting in an annualized yield of 0.3%, showcasing its commitment to returning value to shareholders.

Cigna Investments Inc. New purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,579 shares of the basic materials company's stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AGI. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Alamos Gold by 20.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,444 shares of the basic materials company's stock worth $390,000 after buying an additional 2,493 shares in the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in Alamos Gold during the 2nd quarter valued at about $2,031,000. Medici Capital LLC raised its holdings in Alamos Gold by 642.9% in the 2nd quarter. Medici Capital LLC now owns 208,000 shares of the basic materials company's stock valued at $5,522,000 after acquiring an additional 180,000 shares during the last quarter. Confluence Investment Management LLC acquired a new position in shares of Alamos Gold during the 2nd quarter worth approximately $717,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Alamos Gold by 2.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 64,698 shares of the basic materials company's stock worth $1,718,000 after purchasing an additional 1,471 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Down 0.3%

AGI opened at $33.26 on Friday. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $34.40. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $28.78 and a 200-day simple moving average of $27.32. The firm has a market cap of $13.99 billion, a P/E ratio of 40.08, a P/E/G ratio of 0.68 and a beta of 0.55.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $438.20 million during the quarter, compared to analysts' expectations of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.Alamos Gold's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. On average, equities analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 11th. Alamos Gold's dividend payout ratio (DPR) is currently 12.05%.

Analyst Ratings Changes

A number of equities analysts have weighed in on AGI shares. Wall Street Zen raised Alamos Gold from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. BMO Capital Markets reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, September 16th. Stifel Nicolaus started coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating for the company. CIBC reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Finally, National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $30.38.

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.

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