Almaden Minerals (NYSEAMERICAN:AAU) Stock Crosses Above 200 Day Moving Average of $0.00

Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.25. Almaden Minerals shares last traded at $0.25, with a volume of 262,944 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AAU. Alliance Global Partners cut their target price on shares of Almaden Minerals from C$1.00 to C$0.40 and set a “buy” rating for the company in a research report on Thursday, July 7th. StockNews.com assumed coverage on shares of Almaden Minerals in a research note on Thursday. They issued a “sell” rating on the stock.

Almaden Minerals Price Performance

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 company has a 50 day moving average of $0.24. The firm has a market capitalization of $33.91 million, a PE ratio of -8.24 and a beta of 0.92.

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

Institutional Trading of Almaden Minerals

An institutional investor recently raised its position in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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). 2.91% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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