Insider Buying: Minera Alamos (CVE:MAI) Insider Buys C$99,300.00 in Stock

Minera Alamos Inc. (CVE:MAI) insider Darren John Blasutti purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average cost of C$6.62 per share, with a total value of C$99,300.00. Following the transaction, the insider directly owned 826,300 shares of the company’s stock, valued at C$5,470,106. The trade was a 1.85% increase in their position.

Minera Alamos Stock Performance

Shares of MAI stock opened at C$6.22 on Friday. Minera Alamos Inc. has a one year low of C$3.20 and a one year 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 company has a 50 day moving average price of C$6.37 and a 200 day moving average price of C$5.76. The firm has a market capitalization of C$683.88 million, a price-to-earnings ratio of -20.33 and a beta of 1.93.

Wall Street Analyst Weigh In

Several brokerages recently commented on MAI. National Bank Financial upped their price target 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. Stifel Nicolaus set a C$9.50 price target on shares of Minera Alamos and gave the stock a “buy” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$9.33.

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.