StockNews.com Begins Coverage on Almaden Minerals (NYSE:AAU)

Equities researchers at StockNews.com assumed coverage on shares of Almaden Minerals (NYSE:AAU) in a research report issued on Friday. The brokerage set a “sell” rating on the stock.

Almaden Minerals Price Performance

Shares of NYSE:AAU opened at $0.14 on Friday. The stock’s 50-day moving average price is $0.14 and its 200-day moving average price is $0.14. Almaden Minerals has a 12-month low of $0.11 and a 12-month high of $0.21. The company has a quick ratio of 22.82, a current ratio of 6.08 and a debt-to-equity ratio of 0.62.

Almaden Minerals (NYSE:AAU) last posted its earnings results on Wednesday, March 20th. The company reported ($0.06) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in Almaden Minerals during the 4th quarter valued at $28,000. Susquehanna International Group LLP boosted its stake in Almaden Minerals by 564.4% during the 4th quarter. Susquehanna International Group LLP now owns 233,188 shares of the company’s stock valued at $57,000 after purchasing an additional 198,088 shares during the last quarter. HRT Financial LP purchased a new stake in Almaden Minerals during the 4th quarter valued at $64,000. Renaissance Technologies LLC purchased a new stake in Almaden Minerals during the 4th quarter valued at $119,000. Finally, Millennium Management LLC boosted its stake in Almaden Minerals by 587.9% during the 4th quarter. Millennium Management LLC now owns 485,878 shares of the company’s stock valued at $119,000 after purchasing an additional 415,244 shares during the last quarter.

Almaden Minerals Company Profile

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Mexico. The company's principal asset includes a 100% interest in the Ixtaca gold-silver project located in Puebla State, Mexico. Almaden Minerals Ltd.