David Rodger Stewart Buys 15,500 Shares of Minera Alamos (CVE:MAI) Stock

Minera Alamos Inc. (CVE:MAI) insider David Rodger Stewart acquired 15,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of C$6.50 per share, with a total value of C$100,750.00. Following the acquisition, the insider owned 87,800 shares in the company, valued at C$570,700. The trade was a 21.44% increase in their position.

Minera Alamos Stock Down 3.3%

MAI stock opened at C$6.12 on Thursday. The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24. The firm has a market capitalization of C$672.89 million, a PE ratio of -20.00 and a beta of 1.93. Minera Alamos Inc. has a twelve month low of C$3.20 and a twelve month high of C$7.50. The stock has a 50-day simple moving average of C$6.36 and a two-hundred day simple moving average of C$5.74.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MAI shares. Stifel Nicolaus set a C$9.50 target price on Minera Alamos and gave the company a “buy” rating in a report on Thursday, March 5th. National Bank Financial lifted their target price on Minera Alamos from C$8.50 to C$9.50 and gave the company an “outperform” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, Minera Alamos currently has a consensus rating of “Buy” and a consensus price target 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.