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An announcement from Minera Alamos ( (TSE:MAI) ) is now available.
Minera Alamos has successfully completed a C$135 million bought deal offering, issuing over 380 million subscription receipts. This funding will support the acquisition of Equinox Gold Corp.’s Pan Mine, Gold Rock Project, and Illipah Project, aiming to significantly grow the company’s production capabilities.
The most recent analyst rating on (TSE:MAI) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Minera Alamos stock, see the TSE:MAI Stock Forecast page.
Spark’s Take on TSE:MAI Stock
According to Spark, TipRanks’ AI Analyst, TSE:MAI is a Neutral.
The overall stock score is primarily impacted by financial performance challenges, including declining revenues and consistent losses. Technical analysis indicates a neutral trend with weak momentum. Valuation is poor due to negative earnings and lack of dividends, further weighing down the score.
To see Spark’s full report on TSE:MAI stock, click here.
More about Minera Alamos
Minera Alamos Inc. operates in the mining industry, focusing on the development and production of gold projects. The company is engaged in acquiring and developing late-stage mining projects to enhance its production profile.
Average Trading Volume: 1,360,535
Technical Sentiment Signal: Hold
Current Market Cap: C$209.1M
See more insights into MAI stock on TipRanks’ Stock Analysis page.