Almaden Minerals Ltd. (NYSE:AAU) traded at $0.88 at last check on Monday, Sep 14, making an upward move of 15.49% on its previous day’s price.
Looking at the stock we see that its previous close was $0.77 and the beta (5Y monthly) reads 1.27 with the day’s price range being $0.7801 – 0.8963. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, AAU has a high of $0.84 and a low of $0.21. The company’s stock has gained about 20.61% over that past 30 days.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AAU stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Almaden Minerals Ltd. (AAU) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the AAU stock currently stands at 0, and the current price level is 25.56% off its SMA20 and 35.67% from its 50-day simple moving average. The RSI (14) is pointing at 73.59 while the volatility over the past week is 9.22% and drops to 8.72% over the past one month. The beta value is 1.27, while the average true range (ATR) is currently pointing at 0.06. The average price target for the stock over the next 12 months is $1.14, with the estimates having a low of $1.14 and a high of $1.14. These price ends are 29.55% and +29.55% off the current price level respectively, although investors could be excited at the prospect of a +29.55% if the AAU share price touches on the median price of $1.14.
Let’s briefly compare Almaden (AAU) stock to its peers. We find that today’s price change of +15.49% and +24.23% over the past 12 months for AAU competes that of Barrick Gold Corp (GOLD), which has seen its stock price rise 0.61% in the latest trading session and is +73.71% over the last one year. Another of its peers Franco Nev Corp (FNV) has climbed 1.64% today, and is +63.69% up over the past year, while Agnico-Eagle Mines Ltd (AEM) is also up 15.49% yet its price remains in the green at 24.23% over the same period. Barrick has a P/E ratio of 11.96 compared to Almaden’s 0 and Franco’s 132.22. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.27% and 1.18%, respectively, in early deals.
Coming back to Almaden Minerals Ltd. (NYSE:AAU), we note that the average 3-month trading volume was 634.48 Million, while that of the preceding 10-day period stands at 483.96 Million. Current shares outstanding are 120.36 Million.
According to data from Thomson Reuters, insiders hold 4.95% of the company’s shares while institutions hold 16.37%. The data shows that short shares as of August 30, 2020, stood at 757.77 Million at a short ratio of 1.07. This represents a 0.63% Short interest in Shares outstanding on August 30, 2020. Shares short rose in August from the previous month at 1.2 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +50.25% up in year-to-date price movement.