Almaden Minerals (NYSEAMERICAN:AAU) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Almaden Minerals (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) in a report issued on Sunday morning. The brokerage issued a sell rating on the basic materials company’s stock.

AAU stock opened at $0.22 on Friday. The stock has a market cap of $29.86 million, a price-to-earnings ratio of -7.25 and a beta of 0.92. The company has a current ratio of 24.27, a quick ratio of 24.27 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $0.26. Almaden Minerals has a one year low of $0.22 and a one year high of $0.51.

Almaden Minerals (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) last announced its earnings results on Friday, May 13th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

A hedge fund recently raised its stake in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,644,080 shares of the basic materials company’s stock after acquiring an additional 152,310 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 1.93% of Almaden Minerals worth $948,000 as of its most recent filing with the Securities and Exchange Commission. 2.91% of the stock is currently owned by institutional investors.

About Almaden Minerals (Get Rating)

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties. It primarily owns a 100% interest in the Ixtaca gold-silver project located in Puebla State, Mexico. The company was incorporated in 1980 and is headquartered in Vancouver, Canada.

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