Minera Alamos (CVE:MAI) Stock Rating Upgraded by Scotiabank

Minera Alamos (CVE:MAI) was upgraded by equities research analysts at Scotiabank to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. National Bank Financial boosted their target price on shares of Minera Alamos from C$8.50 to C$9.50 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Stifel Nicolaus set a C$9.50 target price on shares of Minera Alamos and gave the stock a “buy” rating in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of C$9.33.

Minera Alamos Stock Performance

MAI opened at C$5.83 on Monday. Minera Alamos has a 1-year low of C$3.20 and a 1-year high of C$7.50. The company has a current ratio of 4.26, a quick ratio of 3.89 and a debt-to-equity ratio of 21.24. The company has a market cap of C$641.00 million, a P/E ratio of -19.05 and a beta of 1.63. The company has a fifty day moving average price of C$6.33 and a two-hundred day moving average price of C$5.85.

Insider Activity

In other Minera Alamos news, insider David Rodger Stewart bought 15,500 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of C$6.50 per share, with a total value of C$100,750.00. Following the completion of the transaction, the insider directly owned 87,800 shares in the company, valued at approximately C$570,700. The trade was a 21.44% increase in their position. Also, insider Darren John Blasutti bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of C$6.62 per share, with a total value of C$99,300.00. Following the completion of the transaction, the insider owned 826,300 shares of the company’s stock, valued at C$5,470,106. This represents a 1.85% increase in their ownership of the stock. Over the last three months, insiders have bought 31,450 shares of company stock valued at $206,105. 5.11% of the stock is currently owned by insiders.

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.