Minera Alamos Inc. (CVE:MAI – Get Free Report) insider Darren John Blasutti purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of C$6.62 per share, for a total transaction of C$99,300.00. Following the completion of the purchase, the insider directly owned 826,300 shares of the company’s stock, valued at C$5,470,106. This represents a 1.85% increase in their ownership of the stock.
Minera Alamos Stock Down 3.3%
CVE:MAI opened at C$6.12 on Thursday. 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’s fifty day moving average is C$6.36 and its two-hundred day moving average is C$5.74. Minera Alamos Inc. has a 52 week low of C$3.20 and a 52 week high of C$7.50. The stock has a market capitalization of C$672.89 million, a price-to-earnings ratio of -20.00 and a beta of 1.93.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Stifel Nicolaus set a C$9.50 price objective on Minera Alamos and gave the company a “buy” rating in a research note on Thursday, March 5th. National Bank Financial increased their price objective 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 investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$9.33.
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.
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