Will current price volatility hamper Almaden Minerals Ltd. (AAU) future potential? – Marketing Sentinel

Will current price volatility hamper Almaden Minerals Ltd. (AAU) future potential?

Almaden Minerals Ltd. (NYSE:AAU) has a beta value of 0.98 and has seen 1,665,631 shares traded in the last trading session. The company, currently valued at $81.59 Million, closed the last trade at $0.58 per share which meant it lost $0 on the day or -0.22% during that session. The AAU stock price is -113.79% off its 52-week high price of $1.24 and 53.45% above the 52-week low of $0.27. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.77 Million shares traded. The 3-month trading volume is 5.84 Million shares.

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The consensus among analysts is that Almaden Minerals Ltd. (AAU) is a Buy stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight.

Almaden Minerals Ltd. (NYSE:AAU) trade information

Despite being -0.22% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, Apr 30 when the AAU stock price touched $0.6 or saw a rise of 3.55%. Year-to-date, Almaden Minerals Ltd. shares have moved 23.36%, while the 5-day performance has seen it change 1.6%. Over the past 30 days, the shares of Almaden Minerals Ltd. (NYSE:AAU) have changed 13.98%. Short interest in the company has seen 1.12 Million shares shorted with days to cover at 0.19.

Wall Street analysts have a consensus price target for the stock at $1.1, which means that the shares’ value could jump 89.66% from current levels. The projected low price target is $1.1 while the price target rests at a high of $1.1. In that case, then, we find that the current price level is +89.66% off the targeted high while a plunge would see the stock lose 89.66% from current levels.

Almaden Minerals Ltd. (AAU) estimates and forecasts

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -11.3% over the past 5 years. Earnings growth for 2021 is a modest +20.8%.

Almaden Minerals Ltd. (NYSE:AAU)’s Major holders

Insiders own 4.08% of the company shares, while shares held by institutions stand at 6.29% with a share float percentage of 6.55%. Investors are also buoyed by the number of investors in a company, with Almaden Minerals Ltd. having a total of 32 institutions that hold shares in the company. The top two institutional holders are Sprott Inc. with over 2.44 Million shares worth more than $1.14 Million. As of December 30, 2020, Sprott Inc. held 1.78% of shares outstanding.

The other major institutional holder is Mirae Asset Global Investments Co., Ltd., with the holding of over 2.22 Million shares as of December 30, 2020. The firm’s total holdings are worth over $1.04 Million and represent 1.62% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Silver Miners ETF and DFA Investment Dimensions-DFA Va International Small. As of March 30, 2021, the former fund manager holds about 1.79% shares in the company for having 2457764 shares of worth $1.31 Million while later fund manager owns 14Thousand shares of worth $10.19 Thousand as of January 30, 2021, which makes it owner of about 0.01% of company’s outstanding stock.

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