Minera Alamos Inc. (CVE:MAI – Get Rating) – Investment analysts at National Bank Financial reduced their FY2023 earnings estimates for shares of Minera Alamos in a note issued to investors on Wednesday, July 20th. National Bank Financial analyst J. Egilo now expects that the company will post earnings per share of $0.07 for the year, down from their previous forecast of $0.11. National Bank Financial currently has a "Outperform Overweight" rating on the stock. The consensus estimate for Minera Alamos' current full-year earnings is $0.07 per share.
Get Minera Alamos alerts:Separately, National Bankshares reduced their price target on shares of Minera Alamos from C$1.10 to C$0.80 and set an "outperform" rating on the stock in a report on Thursday.
Minera Alamos Stock Performance
Shares of CVE MAI opened at C$0.50 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.51 and a current ratio of 4.85. The company has a market cap of C$228.22 million and a P/E ratio of 50.00. The firm's fifty day moving average is C$0.53 and its two-hundred day moving average is C$0.56. Minera Alamos has a 52-week low of C$0.42 and a 52-week high of C$0.73.Insider Buying and Selling at Minera Alamos
In other Minera Alamos news, Director Doug Ramshaw bought 52,500 shares of Minera Alamos stock in a transaction dated Wednesday, June 22nd. The shares were purchased at an average cost of C$0.53 per share, for a total transaction of C$27,825.00. Following the acquisition, the director now directly owns 6,658,700 shares in the company, valued at approximately C$3,529,111.
About Minera Alamos
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Minera Alamos Inc, a junior mining exploration company, acquires, explores for, and develops mineral properties in Mexico. The company explores for gold, silver, molybdenum, and copper deposits. Its principal property is 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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