Minera Alamos (CVE:MAI) Price Target Lowered to C$0.90 at Desjardins

Key Points

• Desjardins has reduced its price target for Minera Alamos from C$1.00 to C$0.90 while maintaining a "buy" rating, indicating a potential upside of 148.62% based on the current stock price.
• Minera Alamos shares traded at C$0.36, with an average trading volume of over 1.2 million shares compared to the usual 808,134.
• The company's market capitalization stands at C$210.25 million with a P/E ratio of -4.26, showcasing significant fluctuations over the past year with a low of C$0.25 and a high of C$0.49.

Minera Alamos (CVE:MAI - Free Report) had its price objective trimmed by Desjardins from C$1.00 to C$0.90 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Minera Alamos Price Performance

Shares of CVE:MAI remained flat at C$0.36 during midday trading on Thursday. 1,923,642 shares of the stock were exchanged, compared to its average volume of 814,306. The firm has a fifty day moving average price of C$0.38 and a two-hundred day moving average price of C$0.36. Minera Alamos has a 1 year low of C$0.25 and a 1 year high of C$0.49. The firm has a market capitalization of C$209.09 million, a price-to-earnings ratio of -4.24 and a beta of 0.75. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89.

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.