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Equities Analysts Set Expectations for Minera Alamos Inc.'s FY2024 Earnings (CVE:MAI)

Defense World ·  Apr 20, 2023 03:34

Minera Alamos Inc. (CVE:MAI – Get Rating) – Research analysts at National Bank Financial issued their FY2024 earnings estimates for shares of Minera Alamos in a research note issued to investors on Monday, April 17th. National Bank Financial analyst J. Egilo expects that the company will post earnings per share of $0.01 for the year. The consensus estimate for Minera Alamos' current full-year earnings is $0.01 per share.

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Separately, National Bankshares raised their target price on shares of Minera Alamos from C$0.80 to C$0.85 and gave the company an "outperform" rating in a research note on Friday, January 13th.

Minera Alamos Stock Performance

Shares of MAI stock opened at C$0.45 on Wednesday. The company's 50 day moving average is C$0.39 and its 200 day moving average is C$0.42. The company has a quick ratio of 3.89, a current ratio of 6.21 and a debt-to-equity ratio of 0.87. The firm has a market cap of C$203.67 million, a price-to-earnings ratio of 44.50 and a beta of 1.14. Minera Alamos has a 52-week low of C$0.36 and a 52-week high of C$0.73.

Insider Activity at Minera Alamos

In other Minera Alamos news, Director Doug Ramshaw bought 80,000 shares of Minera Alamos stock in a transaction dated Friday, March 10th. The stock was acquired at an average cost of C$0.36 per share, with a total value of C$28,800.00. Insiders acquired a total of 255,000 shares of company stock worth $97,125 in the last 90 days. Corporate insiders own 13.73% of the company's stock.

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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