Almaden Minerals (NYSEAMERICAN:AAU) Research Coverage Started at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Almaden Minerals (NYSEAMERICAN:AAU – Get Rating) (TSE:AMM) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the basic materials company’s stock.

Separately, Alliance Global Partners downgraded shares of Almaden Minerals from a “buy” rating to a “neutral” rating in a research report on Thursday, February 23rd.

Almaden Minerals Trading Up 3.6 %

Shares of NYSEAMERICAN:AAU opened at $0.19 on Wednesday. Almaden Minerals has a 12-month low of $0.18 and a 12-month high of $0.39. The company has a market cap of $26.52 million, a PE ratio of -9.67 and a beta of 0.95. The stock has a 50 day moving average of $0.22 and a 200 day moving average of $0.23. The company has a current ratio of 26.92, a quick ratio of 26.92 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Almaden Minerals

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in shares of Almaden Minerals during the 4th quarter valued at about $28,000. Susquehanna International Group LLP boosted its stake in Almaden Minerals by 564.4% during the fourth quarter. Susquehanna International Group LLP now owns 233,188 shares of the basic materials company’s stock valued at $57,000 after buying an additional 198,088 shares during the last quarter. HRT Financial LP purchased a new position in Almaden Minerals during the 4th quarter valued at approximately $64,000. Renaissance Technologies LLC purchased a new position in Almaden Minerals during the 4th quarter valued at approximately $119,000. Finally, Millennium Management LLC increased its stake in Almaden Minerals by 587.9% in the 4th quarter. Millennium Management LLC now owns 485,878 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 415,244 shares during the last quarter. 3.81% of the stock is owned by hedge funds and other institutional investors.

About Almaden Minerals

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Almaden Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties. It focuses on the operation of Ixtaca gold-silver deposit. The company was founded by James Duane Poliquin on February 1, 2002 and is headquartered in Vancouver, Canada.