Almaden Minerals (NYSEAMERICAN:AAU) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Almaden Minerals (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) in a research note published on Thursday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Almaden Minerals Stock Up 3.6 %

AAU stock opened at $0.24 on Thursday. The firm’s fifty day simple moving average is $0.23 and its 200-day simple moving average is $0.24. The company has a market capitalization of $32.74 million, a P/E ratio of -7.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 15.71 and a quick ratio of 15.71. Almaden Minerals has a 12 month low of $0.20 and a 12 month high of $0.49.

Hedge Funds Weigh In On Almaden Minerals

An institutional investor recently raised its position in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. lifted its position in Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,644,080 shares of the basic materials company’s stock after purchasing an additional 152,310 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 1.93% of Almaden Minerals worth $948,000 at the end of the most recent reporting period. 3.54% of the stock is owned by hedge funds and other institutional investors.

Almaden Minerals Company Profile

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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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