Almaden Minerals (NYSE:AAU) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of Almaden Minerals (NYSE:AAU) in a report issued on Sunday. The brokerage set a “sell” rating on the stock.

Almaden Minerals Stock Performance

Shares of NYSE:AAU opened at $0.15 on Friday. The company has a current ratio of 6.08, a quick ratio of 22.82 and a debt-to-equity ratio of 0.62. Almaden Minerals has a 1-year low of $0.11 and a 1-year high of $0.21. The firm has a fifty day moving average price of $0.14 and a 200 day moving average price of $0.14.

Almaden Minerals (NYSE:AAU) last announced its quarterly earnings data on Wednesday, March 20th. The company reported ($0.06) EPS for the quarter.

Hedge Funds Weigh In On Almaden Minerals

A number of large investors have recently made changes to their positions in AAU. HRT Financial LP purchased a new position in shares of Almaden Minerals in the 4th quarter valued at about $64,000. Renaissance Technologies LLC purchased a new position in shares of Almaden Minerals in the 4th quarter valued at about $119,000. Susquehanna International Group LLP increased its holdings in shares of Almaden Minerals by 564.4% in the 4th quarter. Susquehanna International Group LLP now owns 233,188 shares of the company’s stock valued at $57,000 after purchasing an additional 198,088 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Almaden Minerals by 587.9% in the 4th quarter. Millennium Management LLC now owns 485,878 shares of the company’s stock valued at $119,000 after purchasing an additional 415,244 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Almaden Minerals in the 4th quarter valued at about $28,000.

About Almaden Minerals

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Mexico. The company's principal asset includes a 100% interest in the Ixtaca gold-silver project located in Puebla State, Mexico. Almaden Minerals Ltd.