Almaden Minerals Ltd. (AMEX:AAU) price on Friday, August 27, rose 5.98% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.42.
A look at the stock’s price movement, the close in the last trading session was $0.39, moving within a range at $0.39 and $0.43. The beta value (5-Year monthly) was 1.23. Turning to its 52-week performance, $1.24 and $0.36 were the 52-week high and 52-week low respectively. Overall, AAU moved -6.73% over the past month.
Almaden Minerals Ltd.’s market cap currently stands at around $56.32 million.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that AAU is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend AAU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AAU’s current price about 1.80% and -5.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.75, while 7-day volatility ratio is 5.77% and 4.86% in the 30-day chart. Further, Almaden Minerals Ltd. (AAU) has a beta value of 1.04, and an average true range (ATR) of 0.02. Analysts have given the company’s stock an average 52-week price target of $1.10, forecast between a low of $1.10 and high of $1.10. Looking at the price targets, the low is -161.9% off current price level while to achieve the yearly target high, price needs to move -161.9%. Nonetheless, investors will most likely welcome a -161.9% jump to $1.10 which is the analysts’ median price.
In the market, a comparison of Almaden Minerals Ltd. (AAU) and its peers suggest the former has performed considerably stronger. Data shows AAU’s intraday price has changed 5.98% in last session and -36.33% over the past year. Comparatively, Yamana Gold Inc. (AUY) has moved 4.20% on the day and only -23.98% in the past 12 months. Looking at another peer, we see that NovaGold Resources Inc. (NG) price has gained 4.60% on the day. However, the stock is -23.63% off its price a year ago. Moreover, Seabridge Gold Inc. (SA) is also up 3.72% in trading on the day while keeping a a downtrend of -2.57% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.88% and 0.69% respectively in the last trading.
If we refocus on Almaden Minerals Ltd. (AMEX:AAU), historical trading data shows that trading volumes averaged 0.49 million over the past 10 days and 599.95K over the past 3 months. The company’s latest data on shares outstanding shows there are 137.22 million shares.
The 7.20% of Almaden Minerals Ltd.’s shares are in the hands of company insiders while institutional holders own 5.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.03 million on Jul 14, 2021, giving us a short ratio of 1.55. The data shows that as of Jul 14, 2021 short interest in Almaden Minerals Ltd. (AAU) stood at 0.75% of shares outstanding, with shares short rising to 1.0 million registered in Jun 14, 2021. Current price change has pushed the stock -10.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AAU stock continues to rise going into the next quarter.