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

Equities research analysts at StockNews.com began coverage on shares of Almaden Minerals (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the basic materials company’s stock.

Separately, Alliance Global Partners downgraded Almaden Minerals from a “buy” rating to a “neutral” rating in a report on Thursday, February 23rd.

Almaden Minerals Price Performance

AAU stock opened at $0.19 on Wednesday. The stock has a 50-day simple moving average of $0.23 and a two-hundred day simple moving average of $0.23. The firm has a market capitalization of $26.68 million, a PE ratio of -9.72 and a beta of 0.95. Almaden Minerals has a twelve month low of $0.19 and a twelve month high of $0.48. The company has a quick ratio of 26.92, a current ratio of 26.92 and a debt-to-equity ratio of 0.05.

Institutional Trading of Almaden Minerals

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new stake in Almaden Minerals in the 4th quarter worth approximately $119,000. Millennium Management LLC grew its position in Almaden Minerals by 587.9% in the 4th quarter. Millennium Management LLC now owns 485,878 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 415,244 shares during the last quarter. HRT Financial LP bought a new position in shares of Almaden Minerals in the fourth quarter valued at approximately $64,000. Susquehanna International Group LLP lifted its stake in Almaden Minerals by 564.4% during 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 during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Almaden Minerals in the 4th quarter valued at approximately $28,000. 3.81% of the stock is currently owned by institutional investors and hedge funds.

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.