Minera Alamos (CVE:MAI) Given a C$9.50 Price Target at National Bank Financial

Minera Alamos (CVE:MAI) has been assigned a C$9.50 price objective by research analysts at National Bank Financial in a report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 76.91% from the company’s previous close.

Separately, Scotiabank upgraded shares of Minera Alamos to a “strong-buy” rating in a research report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, Minera Alamos currently has an average rating of “Strong Buy” and a consensus price target of C$9.33.

Minera Alamos Price Performance

Minera Alamos stock remained flat at C$5.37 during midday trading on Monday. The company had a trading volume of 244,146 shares, compared to its average volume of 402,060. The company has a current ratio of 4.26, a quick ratio of 3.88 and a debt-to-equity ratio of 21.24. Minera Alamos has a 52 week low of C$3.20 and a 52 week high of C$7.50. The business’s 50 day moving average price is C$6.01 and its two-hundred day moving average price is C$5.93. The company has a market cap of C$590.43 million, a PE ratio of -17.55 and a beta of 1.63.

Insider Activity at Minera Alamos

In other Minera Alamos news, insider David Rodger Stewart purchased 15,500 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of C$6.50 per share, with a total value of C$100,750.00. Following the completion of the purchase, the insider owned 87,800 shares in the company, valued at approximately C$570,700. This represents a 21.44% increase in their position. Also, insider Darren John Blasutti bought 15,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of C$6.62 per share, for a total transaction of C$99,300.00. Following the completion of the purchase, the insider directly owned 826,300 shares of the company’s stock, valued at C$5,470,106. The trade was a 1.85% increase in their position. In the last ninety days, insiders acquired 31,450 shares of company stock valued at $206,105. Insiders own 5.11% of the company’s stock.

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.