National Bank Financial Issues Positive Forecast for Minera Alamos (CVE:MAI) Stock Price

Minera Alamos (CVE:MAI) had its price objective upped by National Bank Financial from C$8.50 to C$9.50 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 41.79% from the stock’s current price.

Separately, Stifel Nicolaus set a C$9.50 target price on Minera Alamos and gave the stock a “buy” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$9.33.

Minera Alamos Trading Down 5.8%

Shares of CVE:MAI traded down C$0.41 during trading on Monday, reaching C$6.70. 220,534 shares of the stock were exchanged, compared to its average volume of 425,706. The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26. Minera Alamos has a 12-month low of C$3.20 and a 12-month high of C$7.50. The firm has a market cap of C$736.66 million, a price-to-earnings ratio of -21.89 and a beta of 1.93. The firm’s 50-day moving average price is C$6.31 and its 200 day moving average price is C$5.69.

Minera Alamos Company Profile

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.