Minera Alamos (CVE:MAI) Insider Acquires C$100,750.00 in Stock

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

Minera Alamos Stock Up 1.6%

MAI stock opened at C$6.22 on Friday. 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 Inc. has a twelve month low of C$3.20 and a twelve month high of C$7.50. The company’s 50 day moving average is C$6.37 and its two-hundred day moving average is C$5.76. The stock has a market cap of C$683.88 million, a P/E ratio of -20.33 and a beta of 1.93.

Wall Street Analysts Forecast Growth

MAI has been the topic of a number of recent research reports. Stifel Nicolaus set a C$9.50 target price on shares of Minera Alamos and gave the company a “buy” rating in a report on Thursday, March 5th. National Bank Financial lifted their target price on shares of 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 assigned a Buy rating to the stock. Based on data from MarketBeat, the company 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.