Minera Alamos (CVE:MAI) Rating Increased to Moderate Buy at Desjardins

Desjardins upgraded shares of Minera Alamos (CVE:MAI) to a moderate buy rating in a research report released on Thursday, Zacks.com reports.

Minera Alamos Price Performance

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

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

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.