Almaden Minerals (NYSEAMERICAN:AAU) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Almaden Minerals (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) in a research report report published on Tuesday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Shares of AAU stock opened at $0.24 on Tuesday. The firm has a fifty day simple moving average of $0.29. The firm has a market cap of $33.00 million, a P/E ratio of -8.02 and a beta of 0.92. Almaden Minerals has a fifty-two week low of $0.22 and a fifty-two week high of $0.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 24.27 and a current ratio of 24.27.

Almaden Minerals (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) last released its quarterly earnings data on Friday, May 13th. The basic materials company reported ($0.01) earnings per share for the quarter.

A hedge fund recently raised its stake in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,644,080 shares of the basic materials company’s stock after purchasing an additional 152,310 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 1.93% of Almaden Minerals worth $948,000 at the end of the most recent quarter. Institutional investors and hedge funds own 2.91% of the company’s stock.

About Almaden Minerals (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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