Minera Alamos (CVE:MAI) Stock Rating Upgraded by Desjardins

Minera Alamos (CVE:MAI) was upgraded by investment analysts at Desjardins to a “moderate buy” rating in a research note issued on Thursday, Zacks.com reports.

Minera Alamos Stock Performance

CVE:MAI traded down C$0.02 during mid-day trading on Thursday, reaching C$0.37. 690,714 shares of the stock were exchanged, compared to its average volume of 359,043. The stock has a market capitalization of C$171.80 million, a P/E ratio of -12.17 and a beta of 1.37. Minera Alamos has a 1 year low of C$0.23 and a 1 year high of C$0.44. The company has a 50 day simple moving average of C$0.32 and a 200-day simple moving average of C$0.32. The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24.

Minera Alamos (CVE:MAI) last announced its earnings results on Thursday, August 29th. The company reported C($0.02) earnings per share (EPS) for the quarter. Minera Alamos had a negative return on equity of 31.80% and a negative net margin of 159.36%. The business had revenue of C$1.50 million for the quarter. Analysts anticipate that Minera Alamos will post 0.0444178 earnings per share for the current fiscal year.

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.