Desjardins Trims Minera Alamos (CVE:MAI) Target Price to C$0.80

Minera Alamos (CVE:MAI – Free Report) had its target price trimmed by Desjardins from C$1.00 to C$0.80 in a research report released on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Minera Alamos Trading Up 1.7 %

Shares of CVE:MAI opened at C$0.30 on Wednesday. The stock has a market capitalization of C$138.56 million, a PE ratio of 30.00 and a beta of 1.29. Minera Alamos has a 1 year low of C$0.27 and a 1 year high of C$0.52. The firm has a fifty day moving average price of C$0.30 and a 200 day moving average price of C$0.34. The company has a current ratio of 5.82, a quick ratio of 3.89 and a debt-to-equity ratio of 0.75.

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Minera Alamos Company Profile

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Minera Alamos Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Mexico. The company explores for gold, silver, molybdenum, and copper deposits. Its property portfolio includes the 100% owned Santana project consisting of 9 mining claims with an area of approximately 3,100 hectares located in the east-southeast of Hermosillo, Sonora; 100% owned Cerro de Oro project covering an area of 6,500 hectares situated in Zacatecas, Mexico; and 100% owned La Fortuna project covering an area of 6,100 hectares located in Durango State, Mexico.

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