Almaden Minerals (NYSE:AAU) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Almaden Minerals (NYSE:AAUGet Free Report) in a report released on Sunday. The brokerage set a “sell” rating on the stock.

Almaden Minerals Price Performance

Shares of NYSE AAU opened at $0.12 on Friday. The company has a current ratio of 18.52, a quick ratio of 18.52 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $17.02 million, a PE ratio of -2.07 and a beta of 0.99. The stock’s fifty day simple moving average is $0.14 and its two-hundred day simple moving average is $0.15. Almaden Minerals has a 12-month low of $0.11 and a 12-month high of $0.28.

Almaden Minerals (NYSE:AAUGet Free Report) last announced its earnings results on Thursday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Trading of Almaden Minerals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of Almaden Minerals in the 4th quarter valued at about $28,000. Susquehanna International Group LLP increased its stake in shares of Almaden Minerals by 564.4% in the 4th quarter. Susquehanna International Group LLP now owns 233,188 shares of the company’s stock valued at $57,000 after purchasing an additional 198,088 shares in the last quarter. HRT Financial LP purchased a new position in shares of Almaden Minerals in the 4th quarter valued at about $64,000. Millennium Management LLC increased its stake in shares of Almaden Minerals by 587.9% in the 4th quarter. Millennium Management LLC now owns 485,878 shares of the company’s stock valued at $119,000 after purchasing an additional 415,244 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Almaden Minerals in the 4th quarter valued at about $119,000.

Almaden Minerals Company Profile

(Get Free Report)

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Mexico. The company's principal asset includes a 100% interest in the Ixtaca gold-silver project located in Puebla State, Mexico. Almaden Minerals Ltd.

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