Minera Alamos (CVE:MAI) Given New C$0.60 Price Target at National Bankshares

Minera Alamos (CVE:MAI) had its target price decreased by equities research analysts at National Bankshares from C$0.70 to C$0.60 in a note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 96.72% from the company’s previous close.

Minera Alamos Stock Performance

Minera Alamos stock opened at C$0.31 on Friday. The company has a quick ratio of 3.89, a current ratio of 5.86 and a debt-to-equity ratio of 0.77. The company has a market capitalization of C$141.22 million, a P/E ratio of 30.50 and a beta of 1.31. The stock’s 50 day moving average is C$0.30 and its 200 day moving average is C$0.31. Minera Alamos has a twelve month low of C$0.26 and a twelve month high of C$0.46.

Minera Alamos Company Profile

Minera Alamos Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Mexico. The company explores for gold, silver, molybdenum, and copper deposits. Its property portfolio includes the 100% owned Santana project consisting of 9 mining claims with an area of approximately 3,100 hectares located in the east-southeast of Hermosillo, Sonora; 100% owned Cerro de Oro project covering an area of 6,500 hectares situated in Zacatecas, Mexico; and 100% owned La Fortuna project covering an area of 6,100 hectares located in Durango State, Mexico.