Almaden Minerals (NYSEAMERICAN:AAU) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Almaden Minerals (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) in a research note issued to investors on Monday. The brokerage issued a sell rating on the basic materials company’s stock.

Almaden Minerals Trading Up 3.6 %

NYSEAMERICAN AAU opened at $0.24 on Monday. Almaden Minerals has a 12 month low of $0.20 and a 12 month high of $0.49. The company has a 50-day moving average of $0.23 and a 200-day moving average of $0.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 15.71 and a quick ratio of 15.71. The company has a market cap of $32.74 million, a P/E ratio of -7.95 and a beta of 0.98.

Institutional Trading of Almaden Minerals

A hedge fund recently raised its stake in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) by 6.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,644,080 shares of the basic materials company’s stock after acquiring an additional 152,310 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 1.93% of Almaden Minerals worth $948,000 at the end of the most recent reporting period. 3.54% of the stock is owned by hedge funds and other institutional investors.

About Almaden Minerals

(Get Rating)

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties. It primarily owns a 100% interest in the Ixtaca gold-silver project located in Puebla State, Mexico. The company was incorporated in 1980 and is headquartered in Vancouver, Canada.

Recommended Stories

Receive News & Ratings for Almaden Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Almaden Minerals and related companies with MarketBeat.com's FREE daily email newsletter.