The trading price of Almaden Minerals Ltd. (NYSE:AAU) floating lower at last check on Tuesday, Feb 23, closing at $0.81, -4.9% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.6500 and $0.7699. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0.95. In examining the 52-week price action we see that the stock hit a 52-week high of $1.24 and a 52-week low of $0.21. Over the past month, the stock has gained 27.98% in value.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Almaden Minerals Ltd. no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest AAU has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned AAU a recommendation rating is 1. Out of them, no one rate it a Hold, while 1 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Almaden Minerals Ltd. (AAU) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that AAU’s price is currently -1.95% off the SMA20 and 15.84% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.81, and weekly volatility stands at 9.07%. When measured over the past 30 days, the indicator reaches 13.6%. Almaden Minerals Ltd. (NYSE:AAU)’s beta value is currently sitting at 0.95, while the Average True Range indicator is currently displaying 0.11. With analysts defining $1.1-$1.1 as the low and high price targets, we arrive at a consensus price target of $1.1 for the trailing 12-month period. The current price is about 42.86% off the estimated low and 42.86% off the forecast high, based on this estimate. Investors will be thrilled if AAU’s share price rises to $1.1, which is the median consensus price. At that level, AAU’s share price would be +42.86% above current price.
To see how Almaden Minerals Ltd. stock has been performing today in comparison to its peers in the industry, here are the numbers: AAU stock’s performance was -4.9% at last check in today’s session, and +77.64% in the past year, while Barrick Gold Corp (GOLD) has been trading -2% in recent session and positioned -4.24% lower than it was a year ago. Another comparable company Franco Nev Corp (FNV) saw its stock trading -1.83% lower in today’s session but was down -2.26% in a year. Furthermore, Agnico-Eagle Mines Ltd (AEM) showed a decline of -4.9% today while its price kept rising at 77.64% over the past year. Almaden Minerals Ltd. has a P/E ratio of 0, compared to Barrick Gold Corp’s 15.71 and Franco Nev Corp’s 84.05. Also during today’s trading, the S&P 500 Index has soared -0.49%, while the Dow Jones Industrial also saw a negative seesion, down -0.27% today.
An evaluation of the daily trading volume of Almaden Minerals Ltd. (NYSE:AAU) indicates that the 3-month average is 5.25 Million. However, this figure has declined over the past 10 days to an average of 4.06 Million.
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Currently, records show that 120.55 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 4.64% of outstanding shares, whereas institutions hold 9.4%. The stats also highlight that short interest as of January 28, 2021, stood at 898.24 Million shares, resulting in a short ratio of 0.18 at that time. From this, we can conclude that short interest is 0.75% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 403.33 Million. However, since the stock’s price has seen +71.92% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.