Almaden Minerals (NYSEAMERICAN:AAU) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Almaden Minerals (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) in a research report sent to investors on Wednesday. The brokerage issued a sell rating on the basic materials company’s stock.

Separately, Alliance Global Partners downgraded shares of Almaden Minerals from a buy rating to a neutral rating in a research note on Thursday, February 23rd.

Almaden Minerals Price Performance

Shares of AAU stock opened at $0.21 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 26.92 and a quick ratio of 26.92. The firm’s 50-day moving average is $0.22 and its two-hundred day moving average is $0.23. Almaden Minerals has a 12 month low of $0.18 and a 12 month high of $0.39. The company has a market capitalization of $28.33 million, a PE ratio of -10.32 and a beta of 0.95.

Institutional Investors Weigh In On Almaden Minerals

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in shares of Almaden Minerals in the fourth quarter valued at approximately $28,000. Susquehanna International Group LLP grew its holdings in shares of Almaden Minerals by 564.4% in the fourth quarter. Susquehanna International Group LLP now owns 233,188 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 198,088 shares in the last quarter. HRT Financial LP acquired a new position in shares of Almaden Minerals in the fourth quarter valued at approximately $64,000. Renaissance Technologies LLC acquired a new position in shares of Almaden Minerals in the fourth quarter valued at approximately $119,000. Finally, Millennium Management LLC grew its holdings in shares of Almaden Minerals by 587.9% in the fourth quarter. Millennium Management LLC now owns 485,878 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 415,244 shares in the last quarter. 3.81% of the stock is owned by hedge funds and other institutional investors.

Almaden Minerals Company Profile

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Almaden Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties. It focuses on the operation of Ixtaca gold-silver deposit. The company was founded by James Duane Poliquin on February 1, 2002 and is headquartered in Vancouver, Canada.