Stifel Nicolaus Analysts Give Minera Alamos (CVE:MAI) a C$9.50 Price Target

Stifel Nicolaus set a C$9.50 price objective on Minera Alamos (CVE:MAI) in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Minera Alamos Trading Up 1.7%

Shares of Minera Alamos stock opened at C$6.74 on Thursday. The company has a current ratio of 4.26, a quick ratio of 3.89 and a debt-to-equity ratio of 21.24. Minera Alamos has a twelve month low of C$2.90 and a twelve month high of C$7.50. The firm has a market capitalization of C$728.22 million, a PE ratio of -9.77 and a beta of 1.77. The firm’s 50-day moving average price is C$5.93 and its 200 day moving average price is C$4.69.

Insider Activity

In other news, insider David Rodger Stewart purchased 1,200 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average cost of C$43.50 per share, for a total transaction of C$52,200.00. Following the completion of the transaction, the insider owned 4,450 shares of the company’s stock, valued at C$193,575. This trade represents a 36.92% increase in their ownership of the stock. 5.11% of the stock is owned by corporate insiders.

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.