Minera Alamos (CVE:MAI) Trading Down 1.1% – Here’s What Happened

Minera Alamos Inc. (CVE:MAI)’s share price fell 1.1% during trading on Friday . The company traded as low as C$0.43 and last traded at C$0.43. 959,110 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 1,011,942 shares. The stock had previously closed at C$0.44.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Desjardins lowered their target price on Minera Alamos from C$1.00 to C$0.90 and set a “buy” rating on the stock in a research report on Thursday, September 18th. National Bankshares decreased their price objective on Minera Alamos from C$0.65 to C$0.55 and set an “outperform” rating on the stock in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Minera Alamos currently has an average rating of “Buy” and an average target price of C$0.73.

Minera Alamos Price Performance

The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26. The company has a market cap of C$460.32 million, a P/E ratio of -6.23 and a beta of 1.04. The firm’s fifty day moving average is C$0.41 and its two-hundred day moving average is C$0.39.

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.