Key Points
- Insider buying: Director David Rodger Stewart bought 12,000 shares on Dec. 15 at C$4.35 (C$52,200), raising his stake to 44,500 shares (a 36.92% increase), and also recently purchased 120,000 shares at C$0.44 each (C$52,800).
- Stock metrics: MAI opened at C$5.19, trades in a 12‑month range of C$2.60–C$5.50, has a market cap of C$5.61 billion and a negative P/E of -75.22, with 50‑ and 200‑day SMAs at C$0.52 and C$0.44.
- Analyst view: Consensus rating is Buy with a consensus price target of C$0.73, though recent analyst cuts set targets at C$0.55 (National Bankshares) and C$0.90 (Desjardins).
Minera Alamos Inc. (CVE:MAI - Get Free Report) insider David Rodger Stewart acquired 12,000 shares of the company's stock in a transaction dated Monday, December 15th. The stock was acquired at an average price of C$4.35 per share, with a total value of C$52,200.00. Following the purchase, the insider owned 44,500 shares in the company, valued at approximately C$193,575. This represents a 36.92% increase in their position.
David Rodger Stewart also recently made the following trade(s):
- On Monday, December 15th, David Rodger Stewart bought 120,000 shares of Minera Alamos stock. The shares were acquired at an average price of C$0.44 per share, for a total transaction of C$52,800.00.
Minera Alamos Stock Performance
CVE MAI opened at C$5.19 on Tuesday. Minera Alamos Inc. has a twelve month low of C$2.60 and a twelve month high of C$5.50. The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24. The stock has a market cap of C$5.61 billion, a P/E ratio of -75.22 and a beta of 1.10. The company's 50-day simple moving average is C$0.52 and its 200 day simple moving average is C$0.44.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. National Bankshares dropped their target price on Minera Alamos from C$0.65 to C$0.55 and set an "outperform" rating for the company in a report on Friday, September 19th. Desjardins dropped their price objective on Minera Alamos from C$1.00 to C$0.90 and set a "buy" rating for the company in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, Minera Alamos has a consensus rating of "Buy" and a consensus price target of C$0.73.
Get Our Latest Report on MAI
Minera Alamos Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
