The Almaden Minerals Ltd. (AAU) shares are trading at higher $0.61.
To add more color to this target, the company’s high over the last year is $0.82 and the low is $0.21. Over the last 52 weeks, AAU is down -25.61% while the S&P 500 is up 0.73%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, AAU reported a profit of $49000.0. Almaden Minerals Ltd. also saw revenues increase to $0.75 million. In addition, AAU has free cash flow of -$0.93 million as of 03-2020. The company’s EBITDA came in at -$0.73 million which compares well with its peers.
AAU Return on Equity (ROE) is -4.80%, and its Return on Assets is -4.50%. All told, it is clear that, AAU needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AAU has a short ratio of 2.86 and outstanding shares of 112.03M.
AAU has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.93 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.02. Almaden Minerals Ltd. AAU also noted assets of $56.47 million at the end of the last quarter. Investors should also keep an eye on sector updates as AAU has historically followed its peers on positive news.
All told, Almaden Minerals Ltd. AAU has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AAU represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Almaden Minerals Ltd. AAU is now commanding a market cap of 72.10M and a float of 111.65M. AAU is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AAU stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in AAU, either long or short, and we have not been compensated for this article.