Want to see TSE:MAI full AI Analyst Report?
Top Page
Minera Alamos
(TSX:MAI)
Select Model
Select Model
Rating:43Neutral
Price Target:
C$5.50
▼(-18.15% Downside)
Action:Reiterated
Date:06/25/26
The score is held down primarily by very weak and volatile cash flow (deeply negative TTM operating and free cash flow) and a bearish technical setup with the stock trading below key moving averages. Offsetting these risks are strong recent revenue growth and a relatively manageable leverage profile, but inconsistent profitability and a negative P/E keep the overall rating low.
Positive Factors
Revenue Growth Momentum
Sustained top-line expansion (TTM +70% to ~86.9M) indicates the company is scaling production or sales. Over a multi-month horizon, higher revenue provides room to absorb fixed costs, fund project development, and improve unit economics if management converts growth into disciplined operating performance.
Negative Factors
Cash Flow Volatility
Large negative OCF and FCF on a TTM basis signal elevated execution and funding risk. Persistent cash outflows mean the business may need external financing or asset sales to fund operations and capex, increasing dilution or leverage risk and limiting the company's ability to self-fund growth over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
Sustained top-line expansion (TTM +70% to ~86.9M) indicates the company is scaling production or sales. Over a multi-month horizon, higher revenue provides room to absorb fixed costs, fund project development, and improve unit economics if management converts growth into disciplined operating performance.
Read all positive factors
Minera Alamos (MAI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$521.16M
Dividend YieldN/A
Average Volume (3M)2.38M
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue Growth922.22%
EPS Growth97.92%
CountryCA
Employees4
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding109,949,295
10 Day Avg. Volume2,125,583
30 Day Avg. Volume2,383,390
Financial Highlights & Ratios
PEG Ratio-0.59
Price to Book (P/B)2.59
Price to Sales (P/S)9.85
P/FCF Ratio20.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$9.50Price Target Upside41.37% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.51
Revenue Forecast (FY)C$222.88M
Minera Alamos Business Overview & Revenue Model
Company Description
Minera Alamos Inc. functions as a junior exploration enterprise, concentrating on the acquisition, investigation, and development of mineral properties throughout Mexico. The company's efforts are directed towards uncovering deposits rich in gold,...
How the Company Makes Money
Minera Alamos makes money primarily by producing and selling gold from its mining operations. Its core revenue stream is the sale of mined precious metals (mainly gold) to third-party buyers (such as refiners or commodity purchasers) at prevailing...
Minera Alamos Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
27
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 37.28M | 8.92M | 13.42M | 21.73M | 897.91K |
| Gross Profit | -11.26M | 1.56M | 348.88K | 3.21M | 842.86K |
| EBITDA | -16.70M | -17.24M | -1.98M | 6.21M | -1.67M |
| Net Income | -31.05M | -17.57M | -2.86M | 5.61M | -1.75M |
Balance Sheet | |||||
| Total Assets | 244.15M | 47.43M | 51.62M | 53.28M | 36.42M |
| Cash, Cash Equivalents and Short-Term Investments | 43.93M | 11.76M | 13.75M | 13.18M | 9.38M |
| Total Debt | 25.33M | 6.38M | 6.27M | 371.97K | 440.74K |
| Total Liabilities | 102.28M | 14.01M | 13.93M | 10.08M | 4.47M |
| Stockholders Equity | 141.87M | 33.43M | 37.69M | 43.21M | 31.95M |
Cash Flow | |||||
| Free Cash Flow | 17.81M | -10.00M | -4.93M | -1.76M | -18.22M |
| Operating Cash Flow | 22.59M | -9.65M | -4.57M | 2.61M | -5.45M |
| Investing Cash Flow | -101.72M | -347.68K | -366.49K | -2.31M | -8.24M |
| Financing Cash Flow | 114.25M | 8.18M | 6.19M | 5.37M | 815.04K |
Minera Alamos Technical Analysis
Negative
6.72
Price Trends
5.98
Negative
6.09
Negative
5.39
Negative
Market Momentum
-0.27
Negative
36.88
Neutral
40.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MAI, the sentiment is Negative. The current price of 6.72 is above the 20-day moving average (MA) of 5.23, above the 50-day MA of 5.98, and above the 200-day MA of 5.39, indicating a bearish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 36.88 is Neutral, neither overbought nor oversold. The STOCH value of 40.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MAI.
Minera Alamos Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$323.62M | 5.24 | 32.00% | ― | 116.41% | -20.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$760.28M | -19.31 | -76.97% | ― | ― | -33.50% | |
51 Neutral | C$349.13M | -28.53 | -32.72% | ― | ― | -180.15% | |
46 Neutral | C$256.04M | 32.84 | 7.66% | ― | ― | ― | |
43 Neutral | C$521.16M | -301.69 | 4.79% | ― | 922.22% | 97.92% |
* General Sector Average
TSE:MAI
Minera Alamos
4.94
1.24
33.51%
TSE:VGZ
Vista Gold
2.54
1.16
84.06%
TSE:LGD
Liberty Gold
1.50
1.16
341.18%
TSE:WRLG
West Red Lake Gold Mines
0.66
-0.19
-22.35%
TSE:STGO
Steppe Gold
1.30
-0.02
-1.52%
Minera Alamos Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Minera Alamos Boosts Cash to $46 Million on Steady Q1 Gold Output at Pan Mine
Positive
Apr 13, 2026
Minera Alamos reported preliminary first-quarter 2026 output of 8,734 ounces of gold from its Pan mine in Nevada, with sales of 9,134 ounces and reaffirmed its full-year production guidance of 32,000 to 38,000 ounces. The company’s unrestric...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.