Minera Alamos (CVE:MAI) Upgraded to Strong-Buy at Stifel Nicolaus

Minera Alamos (CVE:MAI) was upgraded by stock analysts at Stifel Nicolaus to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Minera Alamos Stock Up 1.7%

Shares of CVE:MAI opened at C$6.74 on Wednesday. Minera Alamos has a 52-week low of C$2.90 and a 52-week high of C$7.50. The firm has a market capitalization of C$728.22 million, a P/E ratio of -9.77 and a beta of 1.77. The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26. The stock has a 50 day moving average price of C$5.93 and a 200-day moving average price of C$4.68.

Insider Activity at Minera Alamos

In related news, insider David Rodger Stewart acquired 1,200 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was purchased at an average cost of C$43.50 per share, with a total value of C$52,200.00. Following the completion of the acquisition, the insider directly owned 4,450 shares of the company’s stock, valued at approximately 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.