Minera Alamos (CVE:MAI) Stock Price Up 0.7% – Should You Buy?

Minera Alamos Inc. (CVE:MAI)’s stock price rose 0.7% during trading on Monday . The company traded as high as C$6.94 and last traded at C$6.77. Approximately 140,038 shares traded hands during trading, a decline of 71% from the average daily volume of 483,952 shares. The stock had previously closed at C$6.72.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$9.50 price objective on shares of Minera Alamos and gave the stock a “buy” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$8.00.

Minera Alamos Stock Up 1.5%

The business’s fifty day moving average price is C$6.18 and its 200 day moving average price is C$5.26. The company has a market capitalization of C$678.52 million, a P/E ratio of -9.10 and a beta of 1.87. The company has a current ratio of 4.26, a quick ratio of 3.89 and a debt-to-equity ratio of 21.24.

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.