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

Minera Alamos (CVE:MAI - Get Free Report) was upgraded by analysts at Desjardins to a "moderate buy" rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

Minera Alamos Trading Down 3.9 %

Minera Alamos stock traded down C$0.02 during midday trading on Thursday, reaching C$0.37. The stock had a trading volume of 690,714 shares, compared to its average volume of 359,043. The firm's fifty day simple moving average is C$0.32 and its two-hundred day simple moving average is C$0.32. The firm has a market cap of C$171.80 million, a price-to-earnings ratio of -12.17 and a beta of 1.37. Minera Alamos has a twelve month low of C$0.23 and a twelve month high of C$0.44. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89.

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

Minera Alamos Company Profile

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.