National Bankshares Lowers Minera Alamos (CVE:MAI) Price Target to C$0.55

Key Points

• Minera Alamos has had its price target reduced by National Bankshares from C$0.65 to C$0.55, implying a potential upside of 54.93% based on the company’s previous close.
• Desjardins also lowered its price objective for the stock from C$1.00 to C$0.90 while maintaining a "buy" rating.
• Currently, Minera Alamos has an average rating of "Buy" with a consensus price target of C$0.73, as indicated by analyst data.

Minera Alamos (CVE:MAI - Get Free Report) had its price objective dropped by stock analysts at National Bankshares from C$0.65 to C$0.55 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price objective would indicate a potential upside of 50.68% from the company's previous close.

Separately, Desjardins cut their price objective on Minera Alamos from C$1.00 to C$0.90 and set a "buy" rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$0.73.

Minera Alamos Trading Up 1.4%

Shares of CVE:MAI traded up C$0.01 on Friday, reaching C$0.37. 3,735,983 shares of the company traded hands, compared to its average volume of 830,359. The company has a current ratio of 4.26, a quick ratio of 3.89 and a debt-to-equity ratio of 21.24. The stock has a market capitalization of C$211.99 million, a P/E ratio of -4.30 and a beta of 0.75. Minera Alamos has a 52 week low of C$0.25 and a 52 week high of C$0.49. The business's 50-day simple moving average is C$0.38 and its 200 day simple moving average is C$0.36.

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.