Minera Alamos (CVE:MAI) Given a C$9.50 Price Target at Stifel Nicolaus

Minera Alamos (CVE:MAI) has been given a C$9.50 price target by research analysts at Stifel Nicolaus in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 44.38% from the company’s previous close.

Minera Alamos Stock Performance

MAI traded down C$0.32 during trading hours on Thursday, hitting C$6.58. 255,739 shares of the stock were exchanged, compared to its average volume of 611,462. The stock has a market cap of C$710.93 million, a price-to-earnings ratio of -9.54 and a beta of 1.47. The stock has a 50-day simple moving average of C$5.86 and a 200-day simple moving average of C$4.64. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89. Minera Alamos has a 12 month low of C$2.90 and a 12 month high of C$7.50.

Insider Activity at Minera Alamos

In other Minera Alamos news, insider David Rodger Stewart acquired 12,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of C$4.40 per share, with a total value of C$52,800.00. Following the transaction, the insider directly owned 44,500 shares in the company, valued at approximately C$195,800. This represents a 36.92% increase in their ownership of the stock. Company insiders own 5.11% of the company’s stock.

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.