Almaden Minerals (NYSEAMERICAN:AAU) Stock Price Passes Above 200-Day Moving Average of $0.00

Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

AAU has been the topic of several analyst reports. StockNews.com initiated coverage on Almaden Minerals in a report on Thursday. They set a “sell” rating on the stock. Alliance Global Partners dropped their target price on Almaden Minerals from C$1.00 to C$0.40 and set a “buy” rating on the stock in a report on Thursday, July 7th.

Almaden Minerals Stock Up 2.9 %

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

Almaden Minerals (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) last issued its quarterly earnings results on Friday, May 13th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Almaden Minerals

A hedge fund recently raised its stake in Almaden Minerals stock. Mirae Asset Global Investments Co. Ltd. grew its position in Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) by 6.1% during the 1st quarter, according to the company in its most recent disclosure 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 about 1.93% of Almaden Minerals worth $948,000 as of its most recent SEC filing. 2.91% of the stock is owned by hedge funds and other institutional investors.

About Almaden Minerals

(Get Rating)

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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