Almaden Minerals (NYSE:AAU) Receives New Coverage from Analysts at StockNews.com

Posted by on Jun 15th, 2023

Analysts at StockNews.com assumed coverage on shares of Almaden Minerals (NYSE:AAU – Get Rating) in a report released on Thursday. The brokerage set a “sell” rating on the stock.

Separately, Alliance Global Partners downgraded Almaden Minerals from a “buy” rating to a “neutral” rating in a research report on Thursday, February 23rd.

Almaden Minerals Stock Performance

Almaden Minerals stock opened at $0.13 on Thursday. The company has a 50 day moving average of $0.13 and a 200-day moving average of $0.19. The company has a current ratio of 23.80, a quick ratio of 23.80 and a debt-to-equity ratio of 0.06. Almaden Minerals has a twelve month low of $0.11 and a twelve month high of $0.28.

Almaden Minerals (NYSE:AAU – Get Rating) last released its quarterly earnings results on Friday, March 24th. The company reported ($0.02) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Almaden Minerals

Large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in Almaden Minerals during the fourth quarter worth about $28,000. Renaissance Technologies LLC increased its position in shares of Almaden Minerals by 38.1% during the 1st quarter. Renaissance Technologies LLC now owns 675,100 shares of the company’s stock worth $128,000 after purchasing an additional 186,277 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of Almaden Minerals by 564.4% during the 4th quarter. Susquehanna International Group LLP now owns 233,188 shares of the company’s stock worth $57,000 after purchasing an additional 198,088 shares in the last quarter. HRT Financial LP acquired a new stake in shares of Almaden Minerals in the 4th quarter valued at approximately $64,000. Finally, Millennium Management LLC grew its stake in shares of Almaden Minerals by 587.9% in the fourth quarter. Millennium Management LLC now owns 485,878 shares of the company’s stock valued at $119,000 after buying an additional 415,244 shares in the last quarter. 3.86% of the stock is currently owned by institutional investors and hedge funds.

About Almaden Minerals

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Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Mexico. The company's principal asset includes a 100% interest in the Ixtaca gold-silver project located in Puebla State, Mexico. Almaden Minerals Ltd.

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