Minera Alamos (CVE:MAI) Shares Up 2% – What’s Next?

Minera Alamos Inc. (CVE:MAI)’s stock price was up 2% during mid-day trading on Monday . The stock traded as high as C$5.95 and last traded at C$5.74. 165,883 shares were traded during trading, a decline of 69% from the average daily volume of 541,743 shares. The stock had previously closed at C$5.63.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$9.50 price target on Minera Alamos and gave the stock a “buy” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$8.00.

Minera Alamos Stock Down 0.2%

The company’s 50 day moving average is C$6.06 and its 200 day moving average is C$5.00. The company has a market cap of C$661.23 million, a PE ratio of -8.87 and a beta of 1.77. The company has a current ratio of 4.26, a quick ratio of 3.89 and a debt-to-equity ratio of 21.24.

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.