Minera Alamos (CVE:MAI) Stock Rating Upgraded by Stifel Nicolaus

Minera Alamos (CVE:MAI) was upgraded by equities researchers at Stifel Nicolaus to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Minera Alamos Trading Up 1.7%

CVE:MAI opened at C$6.74 on Wednesday. The company has a market cap of C$728.22 million, a PE ratio of -9.77 and a beta of 1.77. Minera Alamos has a one year low of C$2.90 and a one year high of C$7.50. The firm has a 50-day moving average of C$5.93 and a 200-day moving average of C$4.68. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89.

Insiders Place Their Bets

In other news, insider David Rodger Stewart acquired 12,000 shares of Minera Alamos stock in a transaction on Monday, December 15th. The stock was acquired at an average cost of C$4.40 per share, with a total value of C$52,800.00. Following the completion of the acquisition, the insider owned 44,500 shares in the company, valued at approximately C$195,800. This trade represents a 36.92% increase in their ownership of the stock. 5.11% of the stock is currently owned by insiders.

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.