Minera Alamos Inc. (CVE:MAI – Get Free Report)’s share price traded down 1.2% during mid-day trading on Tuesday . The company traded as low as C$6.81 and last traded at C$7.13. 158,191 shares were traded during trading, a decline of 64% from the average session volume of 444,127 shares. The stock had previously closed at C$7.22.
Analysts Set New Price Targets
Separately, Stifel Nicolaus set a C$9.50 target price on Minera Alamos and gave the stock a “buy” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$8.00.
Check Out Our Latest Stock Analysis on MAI
Minera Alamos Stock Performance
About Minera Alamos
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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