Almaden Minerals Ltd. (AAU) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Almaden Minerals Ltd. (AMEX: AAU) stock jumped 3.56% on Wednesday to $0.24 against a previous-day closing price of $0.23. With 0.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.34 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $0.2500 whereas the lowest price it dropped to was $0.2333. The 52-week range on AAU shows that it touched its highest point at $0.49 and its lowest point at $0.20 during that stretch. Beta for the stock currently stands at 0.93.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AAU was down-trending over the past week, with a drop of -5.24%, but this was up by 1.49% over a month. Three-month performance surged to 2.84% while six-month performance fell -0.58%. The stock lost -29.82% in the past year, while it has lost -20.33% so far this year.

Float and Shares Shorts:

At present, 137.22 million AAU shares are outstanding with a float of 131.98 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.23 million, which was 0.17% higher than short shares on Sep 14, 2022. In addition to Mr. James Duane Poliquin P. Eng., P.Eng. as the firm’s Founder & Chairman, Dr. Morgan James Poliquin M.Sc., P.Eng. serves as its Pres, CEO & Director.


Institutional Ownership:

Through their ownership of 5.87% of AAU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of AAU, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 1.87% stake in AAU, the Multipartner SICAV – KONWAVE Gold is the largest stakeholder. A total of 2,570,000 shares are owned by the mutual fund manager. The NESTOR-FONDS – Nestor Gold Fonds, which owns about 0.11% of AAU stock, is the second-largest Mutual Fund holder. It holds 150,000 shares valued at 31800.0. Multibrand SICAV-SIF – Emcore Pre holds 0.04% of the stake in AAU, owning 53,000 shares worth 11236.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AAU since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AAU analysts setting a high price target of $0.31 and a low target of $0.31, the average target price over the next 12 months is $0.31. Based on these targets, AAU could surge 29.17% to reach the target high and rise by 29.17% to reach the target low. Reaching the average price target will result in a growth of 29.17% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AAU will report FY 2022 earnings on 03/24/2023. Analysts have provided yearly estimates in a range of -$0.02 being high and -$0.02 being low. For AAU, this leads to a yearly average estimate of -$0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.01. The average estimate for the next quarter is thus -$0.01.

Summary of Insider Activity:

Insiders traded AAU stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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