National Bank Financial Issues Positive Forecast for Minera Alamos (CVE:MAI) Stock Price

Minera Alamos (CVE:MAI) had its target price lifted by equities researchers at National Bank Financial from C$8.50 to C$9.50 in a report released on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 41.79% from the company’s previous close.

Separately, Stifel Nicolaus set a C$9.50 target price on shares of Minera Alamos and gave the company a “buy” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, Minera Alamos has an average rating of “Buy” and an average target price of C$9.33.

Minera Alamos Price Performance

MAI stock traded down C$0.41 during trading on Monday, hitting C$6.70. The stock had a trading volume of 220,534 shares, compared to its average volume of 425,706. The company’s 50 day moving average price is C$6.31 and its two-hundred day moving average price is C$5.69. Minera Alamos has a 1-year low of C$3.20 and a 1-year high of C$7.50. The stock has a market cap of C$736.66 million, a price-to-earnings ratio of -21.89 and a beta of 1.93. The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26.

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.