Shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $0.25. Almaden Minerals shares last traded at $0.25, with a volume of 262,944 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on AAU. StockNews.com began coverage on Almaden Minerals in a research report on Thursday. They issued a "sell" rating on the stock. Alliance Global Partners dropped their price target on Almaden Minerals from C$1.00 to C$0.40 and set a "buy" rating on the stock in a research report on Thursday, July 7th.

Almaden Minerals Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 24.27 and a current ratio of 24.27. The business has a 50-day moving average of $0.24. The firm has a market cap of $33.91 million, a P/E ratio of -8.24 and a beta of 0.92.

Hedge Funds Weigh In On Almaden Minerals

An institutional investor recently raised its position in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,644,080 shares of the basic materials company's stock after acquiring an additional 152,310 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 1.93% of Almaden Minerals worth $948,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 2.91% of the company's stock.

Almaden Minerals Company Profile

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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.

Further Reading

• Get a free copy of the StockNews.com research report on Almaden Minerals (AAU)
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