Almaden Minerals Ltd. (AAU) Analysis & Forecast for January 2021

Almaden Minerals Ltd. (AMEX: AAU) is 9.74% higher on its value in year-to-date trading and has touched a low of $0.21 and a high of $1.24 in the current 52-week trading range. The AAU stock was last observed hovering at around $0.51 in the last trading session, with the day’s gains setting it 0.05% off its average median price target of $1.10 for the next 12 months. It is also 49.09% off the consensus price target high of $1.10 offered by 1 analysts, but current levels are 49.09% higher than the price target low of $1.10 for the same period.

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Currently trading at $0.56, the stock is -0.40% and -31.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.09 million and changing 9.17% at the moment leaves the stock -14.59% off its SMA200. AAU registered -3.97% loss for a year compared to 6-month gain of -2.68%. The firm has a 50-day simple moving average (SMA 50) of $0.6827 and a 200-day simple moving average (SMA200) of $0.7672.

The stock witnessed a -26.27% loss in the last 1 month and extending the period to 3 months gives it a -39.08%, and is 5.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.47% over the week and 8.49% over the month.

Distance from 52-week low is 164.97% and -54.68% from its 52-week high.

Almaden Minerals Ltd. (AAU) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Almaden Minerals Ltd. (AAU) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Almaden Minerals Ltd. is expected to release its quarterly report on 05/20/2021.The EPS is expected to shrink by -3.20% this year.

Almaden Minerals Ltd. (AAU) Top Institutional Holders

28 institutions hold shares in Almaden Minerals Ltd. (AAU), with 5.6M shares held by insiders accounting for 4.64% while institutional investors hold 9.86% of the company’s shares. The shares outstanding are 119.16M, and float is at 114.95M with Short Float at 0.46%. Institutions hold 9.40% of the Float.

The top institutional shareholder in the company is Euro Pacific Asset Management, LLC with over 3.01 million shares valued at $2.48 million. The investor’s holdings represent 2.50% of the AAU Shares outstanding. As of Sep 29, 2020, the second largest holder is Global Strategic Management Inc with 1.1 million shares valued at $0.91 million to account for 0.91% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 0.38 million shares representing 0.32% and valued at over $0.32 million, while Susquehanna International Group, LLP holds 0.13% of the shares totaling 0.15 million with a market value of $0.13 million.

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Almaden Minerals Ltd. (AAU): Who are the competitors?

The company’s main competitors (and peers) include Yamana Gold Inc. (AUY) that is trading 45.43% up over the past 12 months. Short interest in the company’s stock has fallen -97.66% from the last report on Nov 12, 2020 to stand at a total of 1.04 million short shares sold with a short interest ratio of 0.51.

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