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

StockNews.com assumed coverage on shares of Almaden Minerals (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) in a research note released on Saturday. The brokerage issued a sell rating on the basic materials company’s stock.

Separately, Alliance Global Partners reduced their price target on Almaden Minerals from C$1.00 to C$0.40 and set a buy rating for the company in a research report on Thursday, July 7th.

Almaden Minerals Price Performance

Shares of AAU stock opened at $0.24 on Friday. 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 company has a market cap of $32.91 million, a PE ratio of -7.99 and a beta of 0.92. The company has a 50-day moving average of $0.24. Almaden Minerals has a one year low of $0.21 and a one year high of $0.49.

Almaden Minerals (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) last posted its earnings results on Friday, August 5th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,644,080 shares of the basic materials company’s stock after buying an additional 152,310 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 1.93% of Almaden Minerals worth $948,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 2.91% of the company’s stock.

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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