Minera Alamos (CVE:MAI) Insider Darren John Blasutti Acquires 15,000 Shares

Minera Alamos Inc. (CVE:MAI) insider Darren John Blasutti purchased 15,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of C$6.62 per share, with a total value of C$99,300.00. Following the purchase, the insider owned 826,300 shares of the company’s stock, valued at approximately C$5,470,106. The trade was a 1.85% increase in their ownership of the stock.

Minera Alamos Stock Performance

MAI stock traded down C$0.64 during trading hours on Tuesday, reaching C$6.47. The stock had a trading volume of 294,976 shares, compared to its average volume of 426,479. The stock has a market capitalization of C$711.37 million, a PE ratio of -21.14 and a beta of 1.93. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89. The stock has a 50-day simple moving average of C$6.33 and a 200 day simple moving average of C$5.71. Minera Alamos Inc. has a fifty-two week low of C$3.20 and a fifty-two week high of C$7.50.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stifel Nicolaus set a C$9.50 price target on shares of Minera Alamos and gave the company a “buy” rating in a research note on Thursday, March 5th. National Bank Financial increased their price objective on shares of Minera Alamos from C$8.50 to C$9.50 and gave the company an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$9.33.

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.