Almaden Minerals (NYSEAMERICAN:AAU) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Almaden Minerals (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) in a research report report published on Tuesday. The firm issued a sell rating on the basic materials company’s stock.

Separately, Alliance Global Partners decreased their price target on Almaden Minerals from C$1.00 to C$0.40 and set a buy rating for the company in a research note on Thursday, July 7th.

Almaden Minerals Stock Down 2.4 %

AAU stock opened at $0.24 on Tuesday. Almaden Minerals has a 52-week low of $0.21 and a 52-week high of $0.49. The business’s fifty day simple moving average is $0.24. The company has a quick ratio of 24.27, a current ratio of 24.27 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $33.08 million, a PE ratio of -8.04 and a beta of 0.92.

Almaden Minerals (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) last issued its earnings results on Friday, May 13th. The basic materials company reported ($0.01) earnings per share for the quarter.

Hedge Funds Weigh In On Almaden Minerals

An institutional investor recently raised its position in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. raised its stake in Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) by 6.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,644,080 shares of the basic materials company’s stock after acquiring an additional 152,310 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 1.93% of Almaden Minerals worth $948,000 as of its most recent SEC filing. 2.91% of the stock is owned by institutional investors.

Almaden Minerals Company Profile

(Get Rating)

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties. It primarily owns a 100% interest in the Ixtaca gold-silver project located in Puebla State, Mexico. The company was incorporated in 1980 and is headquartered in Vancouver, Canada.

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