Minera Alamos (CVE:MAI) PT Set at C$9.50 by Stifel Nicolaus

Minera Alamos (CVE:MAI) has been assigned a C$9.50 price target by Stifel Nicolaus in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 40.95% from the company’s current price.

Minera Alamos Price Performance

Shares of CVE MAI opened at C$6.74 on Thursday. The stock’s 50-day simple moving average is C$5.93 and its two-hundred day simple moving average is C$4.68. Minera Alamos has a twelve month low of C$2.90 and a twelve month high of C$7.50. The firm has a market capitalization of C$728.22 million, a P/E ratio of -9.77 and a beta of 1.77. The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24.

Insider Buying and Selling at Minera Alamos

In other news, insider David Rodger Stewart purchased 12,000 shares of the stock in a transaction on Monday, December 15th. The shares were acquired at an average price of C$4.40 per share, for a total transaction of C$52,800.00. Following the completion of the transaction, the insider directly owned 44,500 shares of the company’s stock, valued at approximately C$195,800. This trade represents a 36.92% increase in their position. Company insiders own 5.11% of the company’s stock.

Minera Alamos Company Profile

Minera Alamos Inc engages in the acquisition, exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, molybdenum, and copper deposits. It holds 100% interests in the Santana project consists of 9 mining claims covering an area of approximately 3,100 hectares located in the east-southeast of Hermosillo, Sonora; the Cerro de Oro project that includes an area of 6,500 hectares situated in Zacatecas, Mexico; and the La Fortuna project covering an area of approximately 6,100 hectares located in Durango State, Mexico, as well as the Los Verdes property located in the State of Sonora, Mexico.