Initiates Coverage on Almaden Minerals (NYSEAMERICAN:AAU) assumed coverage on shares of Almaden Minerals (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) in a research note released on Monday. The firm issued a sell rating on the basic materials company’s stock.

Separately, Alliance Global Partners lowered their price target on Almaden Minerals from C$1.00 to C$0.40 and set a buy rating on the stock in a report on Thursday, July 7th.

Almaden Minerals Price Performance

AAU stock opened at $0.22 on Monday. 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 firm has a market capitalization of $30.33 million, a price-to-earnings ratio of -7.37 and a beta of 0.98. Almaden Minerals has a 52-week low of $0.21 and a 52-week high of $0.49. The company’s 50 day moving average price is $0.24.

Almaden Minerals (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) last announced its quarterly earnings data on Friday, August 5th. The basic materials company reported ($0.01) EPS for the quarter.

Institutional Trading of Almaden Minerals

An institutional investor recently raised its position in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. increased its position in Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,644,080 shares of the basic materials company’s stock after purchasing an additional 152,310 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 1.93% of Almaden Minerals worth $948,000 as of its most recent SEC filing. 3.54% of the stock is currently owned by institutional investors.

Almaden Minerals Company Profile

(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.

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