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

StockNews.com initiated coverage on shares of Almaden Minerals (NYSE:AAU) in a research note issued to investors on Sunday morning. The brokerage issued a sell rating on the stock.

Almaden Minerals Price Performance

AAU stock opened at $0.15 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 22.82 and a current ratio of 6.08. The business has a 50-day moving average price of $0.14 and a 200 day moving average price of $0.14. Almaden Minerals has a 1-year low of $0.11 and a 1-year high of $0.21.

Almaden Minerals (NYSE:AAU) last released its quarterly earnings data on Wednesday, March 20th. The company reported ($0.06) earnings per share for the quarter.

Hedge Funds Weigh In On Almaden Minerals

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of Almaden Minerals during the fourth quarter valued at about $28,000. Susquehanna International Group LLP increased its holdings in shares of Almaden Minerals by 564.4% during the fourth quarter. Susquehanna International Group LLP now owns 233,188 shares of the company’s stock valued at $57,000 after acquiring an additional 198,088 shares in the last quarter. HRT Financial LP acquired a new position in shares of Almaden Minerals during the fourth quarter valued at about $64,000. Renaissance Technologies LLC acquired a new position in shares of Almaden Minerals during the fourth quarter valued at about $119,000. Finally, Millennium Management LLC increased its holdings in shares of Almaden Minerals by 587.9% during the fourth quarter. Millennium Management LLC now owns 485,878 shares of the company’s stock valued at $119,000 after acquiring an additional 415,244 shares in the last quarter.

About Almaden Minerals

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Mexico. The company's principal asset includes a 100% interest in the Ixtaca gold-silver project located in Puebla State, Mexico. Almaden Minerals Ltd.