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

Separately, Alliance Global Partners reduced their target price on shares of Almaden Minerals from C$1.00 to C$0.40 and set a buy rating for the company in a report on Thursday, July 7th.

Almaden Minerals Stock Performance

NYSEAMERICAN:AAU traded down $0.00 during trading hours on Wednesday, hitting $0.24. The stock had a trading volume of 779 shares, compared to its average volume of 700,674. The stock has a market cap of $32.93 million, a P/E ratio of -8.13 and a beta of 0.92. Almaden Minerals has a one year low of $0.21 and a one year high of $0.49. 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 firm has a 50 day moving average price of $0.24.

Institutional Trading of Almaden Minerals

A hedge fund recently raised its stake in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Almaden Minerals Ltd. (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,644,080 shares of the basic materials company's stock after purchasing an additional 152,310 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 1.93% of Almaden Minerals worth $948,000 as of its most recent SEC filing. 2.91% of the stock is owned by institutional investors.

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.

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