Minera Alamos (CVE:MAI) Trading Up 2% – Time to Buy?

Shares of Minera Alamos Inc. (CVE:MAI) traded up 2% during trading on Monday . The stock traded as high as C$5.95 and last traded at C$5.74. 165,883 shares changed hands during trading, a decline of 69% from the average session volume of 541,743 shares. The stock had previously closed at C$5.63.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$9.50 price objective on shares of Minera Alamos and gave the company a “buy” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$8.00.

Minera Alamos Trading Up 2.0%

The firm has a 50 day simple moving average of C$6.06 and a 200 day simple moving average of C$4.98. 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 firm has a market capitalization of C$620.17 million, a PE ratio of -8.32 and a beta of 1.77.

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.