Key Points
- Insider buying: Minera Alamos insider Darren John Blasutti bought 15,000 shares on June 2 for about C$99,300 at C$6.62 per share, boosting his direct holdings to 826,300 shares.
- Stock performance: The shares were down about 2.2% and opened at C$6.33, with the stock trading near its 50-day moving average of C$6.33.
- Analyst outlook: Wall Street sentiment remains positive, with a consensus “Buy” rating and a consensus price target of C$9.33 per share.
Minera Alamos Inc. (CVE:MAI - Get Free Report) insider Darren John Blasutti purchased 15,000 shares of the company's stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average price of C$6.62 per share, with a total value of C$99,300.00. Following the completion of the purchase, the insider directly owned 826,300 shares in the company, valued at C$5,470,106. The trade was a 1.85% increase in their position.
Minera Alamos Stock Down 2.2%
Shares of CVE:MAI opened at C$6.33 on Wednesday. The firm has a market cap of C$695.98 million, a P/E ratio of -20.68 and a beta of 1.93. The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24. Minera Alamos Inc. has a 12-month low of C$3.20 and a 12-month high of C$7.50. The business has a fifty day simple moving average of C$6.33 and a 200 day simple moving average of C$5.71.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on MAI. Stifel Nicolaus set a C$9.50 price objective on Minera Alamos and gave the stock a "buy" rating in a research report on Thursday, March 5th. National Bank Financial lifted their price target on Minera Alamos from C$8.50 to C$9.50 and gave the company an "outperform" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, Minera Alamos presently has a consensus rating of "Buy" and a consensus target price of C$9.33.
View Our Latest Stock Analysis 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.
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