Before You Invest, Make Sure You Check This Almaden Minerals Ltd. (AMEX: AAU) Analysis

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Almaden Minerals Ltd. (AMEX:AAU) traded at $0.50 at close of the session on Friday, July 2, made a downward move of -0.84% on its previous day’s price.

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Looking at the stock we see that its previous close was $0.50 with the day’s price range being $0.50 – $0.51. In terms of its 52-week price range, AAU has a high of $1.24 and a low of $0.45. The company’s stock has lost about -6.14% over that past 30 days.

Almaden Minerals Ltd. has a market cap of $69.05 million.

There have been no upward and no 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% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Almaden Minerals Ltd. (AAU) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest 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 the current price level is -3.14% off its SMA20 and -7.10% from its 50-day simple moving average. The RSI (14) is pointing at 40.34 while the volatility over the past week is 2.25% and jumps to 2.66% over the past one month. The beta value is 1.05, while the average true range (ATR) is currently pointing at 0.01. The average price target for the stock over the next 12 months is $1.10, with the estimates having a low of $1.10 and a high of $1.10. These price ends are -120.0% and -120.0% off the current price level respectively, although investors could be excited at the prospect of a -120.0% if the AAU share price touches on the median price of $1.10.

Let’s briefly compare Almaden Minerals Ltd. (AAU) stock to its peers. We find that current price change of -0.84% and 0.69% over the past 12 months for AAU competes that of Yamana Gold Inc. (AUY), which has seen its stock price rise 3.10% in the last trading session and was -19.25% over the last one year. Another of its peers NovaGold Resources Inc. (NG) has gained 6.61% previous session, and was -7.37% down over the past year, while Seabridge Gold Inc. (SA) was also up 1.44% in the last session, while its price remained in the green at 0.97% over the same period. . In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.75% and 0.44%, respectively, at close of the trading.

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Coming back to Almaden Minerals Ltd. (AMEX:AAU), we note that the average 3-month trading volume was 1.10 million. Current shares outstanding are 137.22 million.

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The insiders hold 7.20% of the company’s shares while institutions hold 4.50%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 6.25% up in year-to-date price movement.