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

Stock analysts at StockNews.com initiated coverage on shares of Almaden Minerals (NYSE:AAU) in a report issued on Monday. The brokerage set a “sell” rating on the stock.

Almaden Minerals Price Performance

Shares of Almaden Minerals stock opened at $0.15 on Monday. The company has a current ratio of 6.08, a quick ratio of 22.82 and a debt-to-equity ratio of 0.62. Almaden Minerals has a 12 month low of $0.11 and a 12 month high of $0.21. The business’s 50-day moving average price is $0.14 and its 200-day moving average price is $0.14.

Almaden Minerals (NYSE:AAU) last issued its quarterly earnings results on Wednesday, March 20th. The company reported ($0.06) EPS for the quarter.

Institutional Trading of Almaden Minerals

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in shares of Almaden Minerals by 38.1% in the 1st quarter. Renaissance Technologies LLC now owns 675,100 shares of the company’s stock valued at $128,000 after acquiring an additional 186,277 shares during the last quarter. Millennium Management LLC grew its position in Almaden Minerals by 587.9% during the 4th quarter. Millennium Management LLC now owns 485,878 shares of the company’s stock worth $119,000 after acquiring an additional 415,244 shares during the last quarter. HRT Financial LP purchased a new position in Almaden Minerals in the 4th quarter worth approximately $64,000. Susquehanna International Group LLP lifted its position in Almaden Minerals by 564.4% in the fourth 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 during the last quarter. Finally, Jane Street Group LLC bought a new stake in Almaden Minerals in the fourth quarter valued at approximately $28,000.

Almaden Minerals Company Profile

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.