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

StockNews.com assumed coverage on shares of Almaden Minerals (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) in a report published on Thursday morning. 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 on the stock in a research note on Thursday, July 7th.

Almaden Minerals Stock Performance

NYSEAMERICAN:AAU opened at $0.23 on Thursday. The business has a 50 day moving average of $0.23 and a 200 day moving average of $0.28. The company has a market capitalization of $31.53 million, a price-to-earnings ratio of -7.66 and a beta of 0.98. Almaden Minerals has a 1-year low of $0.20 and a 1-year high of $0.49. 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 (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) last released its earnings results on Friday, August 5th. The basic materials company reported ($0.01) earnings per share for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 1.93% of Almaden Minerals worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 3.54% of the stock is currently owned by institutional investors and hedge funds.

About Almaden Minerals

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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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