Minera Alamos (CVE:MAI) Stock Rating Upgraded by Stifel Nicolaus

Minera Alamos (CVE:MAI) was upgraded by equities research analysts at Stifel Nicolaus to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Minera Alamos Trading Up 1.7%

Shares of CVE:MAI traded up C$0.11 during trading on Wednesday, reaching C$6.74. 434,644 shares of the stock were exchanged, compared to its average volume of 608,531. The firm’s 50-day moving average price is C$5.93 and its 200 day moving average price is C$4.68. Minera Alamos has a 12-month low of C$2.90 and a 12-month high of C$7.50. The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26. The firm has a market cap of C$728.22 million, a price-to-earnings ratio of -9.77 and a beta of 1.77.

Insider Buying and Selling at Minera Alamos

In other Minera Alamos news, insider David Rodger Stewart bought 1,200 shares of the company’s stock in a transaction on Monday, December 15th. The shares were bought at an average cost of C$43.50 per share, with a total value of C$52,200.00. Following the completion of the acquisition, the insider owned 4,450 shares of the company’s stock, valued at approximately C$193,575. This trade represents a 36.92% increase in their ownership of the stock. Company insiders own 5.11% of the company’s stock.

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.