Minera Alamos (CVE:MAI) PT Set at C$9.50 by National Bank Financial

Minera Alamos (CVE:MAI) received a C$9.50 target price from research analysts at National Bank Financial in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 76.91% from the stock’s previous close.

Separately, Scotiabank raised Minera Alamos to a “strong-buy” rating in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average target price of C$9.33.

Minera Alamos Stock Performance

MAI stock remained flat at C$5.37 during midday trading on Monday. The company’s stock had a trading volume of 244,146 shares, compared to its average volume of 402,060. The stock has a market cap of C$590.43 million, a price-to-earnings ratio of -17.55 and a beta of 1.63. Minera Alamos 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 price is C$6.01 and its two-hundred day moving average price is C$5.93. The company has a quick ratio of 3.88, a current ratio of 4.26 and a debt-to-equity ratio of 21.24.

Insider Activity

In related news, insider Darren John Blasutti acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average cost of C$6.62 per share, with a total value of C$99,300.00. Following the acquisition, the insider owned 826,300 shares of the company’s stock, valued at approximately C$5,470,106. This trade represents a 1.85% increase in their position. Also, insider David Rodger Stewart purchased 15,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average price of C$6.50 per share, with a total value of C$100,750.00. Following the transaction, 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. In the last 90 days, insiders have purchased 31,450 shares of company stock valued at $206,105. Insiders own 5.11% of the company’s stock.

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.