Minera Alamos (CVE:MAI) Upgraded to “Strong-Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Minera Alamos (CVE:MAI) to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

Minera Alamos Stock Up 1.7%

MAI stock opened at C$6.74 on Wednesday. The firm has a market cap of C$728.22 million, a PE ratio of -9.77 and a beta of 1.77. The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26. The firm’s 50 day moving average price is C$5.93 and its 200-day moving average price is C$4.68. Minera Alamos has a one year low of C$2.90 and a one year high of C$7.50.

Insider Buying and Selling

In other Minera Alamos news, insider David Rodger Stewart purchased 1,200 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of C$43.50 per share, with a total value of C$52,200.00. Following the purchase, the insider directly owned 4,450 shares in the company, valued at approximately C$193,575. This trade represents a 36.92% increase in their position. 5.11% of the stock is owned by corporate insiders.

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.