Minera Alamos (CVE:MAI) Trading 1.4% Higher - Time to Buy?

Key Points

• Minera Alamos Inc. (CVE:MAI) experienced a stock increase of 1.4% during mid-day trading, reaching a price of C$0.37.
• Analyst ratings have varied, with National Bank reducing their target from C$0.65 to C$0.55 while Desjardins lowered their target from C$1.00 to C$0.90, both retaining "buy" or "outperform" ratings.
• The company, which focuses on mineral properties in Mexico, has a current market capitalization of approximately C$211.99 million and shows a negative price-to-earnings ratio of -4.30.

Minera Alamos Inc. (CVE:MAI - Get Free Report) traded up 1.4% during mid-day trading on Monday . The stock traded as high as C$0.37 and last traded at C$0.37. 3,735,983 shares changed hands during mid-day trading, an increase of 350% from the average session volume of 830,359 shares. The stock had previously closed at C$0.36.

Analyst Ratings Changes

Several analysts have issued reports on the stock. National Bankshares reduced their price target on shares of Minera Alamos from C$0.65 to C$0.55 and set an "outperform" rating on the stock in a report on Friday. Desjardins decreased 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 note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$0.73.

Minera Alamos Trading Up 1.4%

The business has a 50 day simple moving average of C$0.38 and a 200-day simple moving average of C$0.36. 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 price-to-earnings ratio of -4.30 and a beta of 0.75.

Minera Alamos Company Profile

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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