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

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

Almaden Minerals Stock Performance

AAU opened at $0.24 on Monday. The firm has a market capitalization of $32.74 million, a P/E ratio of -7.95 and a beta of 0.98. The stock’s 50 day moving average price is $0.23 and its two-hundred day moving average price is $0.24. The company has a quick ratio of 15.71, a current ratio of 15.71 and a debt-to-equity ratio of 0.04. Almaden Minerals has a 12-month low of $0.20 and a 12-month high of $0.49.

Institutional Trading of Almaden Minerals

An institutional investor recently raised its position in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission. 3.54% of the stock is owned by institutional investors and hedge funds.

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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