Desjardins Brokers Cut Earnings Estimates for Minera Alamos

Key Points

• Desjardins has significantly reduced its FY2027 earnings estimates for Minera Alamos from $0.36 to $0.08 per share, maintaining a "Buy" rating with a target price of $0.90.
• National Bankshares has also lowered its target price for Minera Alamos from C$0.65 to C$0.55 while keeping an "outperform" rating on the stock.
• Despite the earnings estimate cuts, Minera Alamos shares increased by 8.7%, indicating a positive market response amidst the downgrades.

Minera Alamos Inc. (CVE:MAI - Free Report) - Equities research analysts at Desjardins cut their FY2027 EPS estimates for shares of Minera Alamos in a report released on Wednesday, September 24th. Desjardins analyst A. Carson now forecasts that the company will post earnings of $0.08 per share for the year, down from their previous estimate of $0.36. Desjardins currently has a "Buy" rating and a $0.90 target price on the stock. The consensus estimate for Minera Alamos' current full-year earnings is $0.04 per share.

Separately, National Bankshares lowered their target price on shares of Minera Alamos from C$0.65 to C$0.55 and set an "outperform" rating for the company in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, Minera Alamos presently has a consensus rating of "Buy" and an average price target of C$0.73.

Minera Alamos Stock Up 8.7%

Shares of CVE MAI opened at C$0.44 on Monday. The business's 50 day moving average is C$0.38 and its two-hundred day moving average is C$0.37. The firm has a market cap of C$252.65 million, a price-to-earnings ratio of -5.12 and a beta of 0.75. The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24. Minera Alamos has a 52-week low of C$0.25 and a 52-week high of C$0.49.

About Minera Alamos

Minera Alamos Inc engages in the acquisition, exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, molybdenum, and copper deposits. It holds 100% interests in the Santana project consists of 9 mining claims covering an area of approximately 3,100 hectares located in the east-southeast of Hermosillo, Sonora; the Cerro de Oro project that includes an area of 6,500 hectares situated in Zacatecas, Mexico; and the La Fortuna project covering an area of approximately 6,100 hectares located in Durango State, Mexico, as well as the Los Verdes property located in the State of Sonora, Mexico.

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