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

Minera Alamos (CVE:MAI) has been assigned a C$9.50 price objective by research analysts at Stifel Nicolaus in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 44.38% from the company’s current price.

Minera Alamos Stock Down 4.6%

Shares of MAI traded down C$0.32 during midday trading on Thursday, reaching C$6.58. 255,739 shares of the company were exchanged, compared to its average volume of 611,462. Minera Alamos has a 1-year low of C$2.90 and a 1-year high of C$7.50. The stock has a 50-day moving average price of C$5.86 and a 200-day moving average price of C$4.64. 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 company has a market cap of C$710.93 million, a price-to-earnings ratio of -9.54 and a beta of 1.47.

Insider Activity

In other news, insider David Rodger Stewart bought 1,200 shares of Minera Alamos stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of C$43.50 per share, with a total value of C$52,200.00. Following the completion of the transaction, the insider owned 4,450 shares in the company, valued at approximately C$193,575. This trade represents a 36.92% increase in their position. 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.