Minera Alamos Inc (TSE:MAI)
:MAI
Want to see TSE:MAI full AI Analyst Report?
Top Page
Minera Alamos
(MAI)
Select Model
Select Model
Rating:56Neutral
Price Target:
C$7.00
▲(4.17% Upside)
Action:Reiterated
Date:05/06/26
The score is held back primarily by weak profitability and rising leverage risk despite improved 2025 cash flow, while the strongest offset is the favorable technical uptrend. Valuation is also a headwind due to negative earnings and no stated dividend yield.
Positive Factors
Improved Cash Generation
The 2025 switch to positive operating and free cash flow indicates the business can generate internal funds to support operations and near-term development. Durable cash generation reduces immediate refinancing need and can fund capex or scaling, improving financial optionality if maintained.
Negative Factors
Weak Profitability
Negative gross margins and widening net losses show the company struggles to convert revenue into sustainable profits. Persistent unprofitable operations erode equity, increase dilution risk, and may force reliance on external financing rather than internal cash to fund growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
The 2025 switch to positive operating and free cash flow indicates the business can generate internal funds to support operations and near-term development. Durable cash generation reduces immediate refinancing need and can fund capex or scaling, improving financial optionality if maintained.
Read all positive factors
Minera Alamos (MAI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$704.45M
Dividend YieldN/A
Average Volume (3M)2.38M
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue Growth474.24%
EPS Growth-112.12%
CountryCA
Employees4
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.87
Shares Outstanding108,043,724
10 Day Avg. Volume2,125,583
30 Day Avg. Volume2,383,390
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)1.88
Price to Sales (P/S)7.17
P/FCF Ratio15.01
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 ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.6
Revenue Forecast (FY)C$206.33M
Minera Alamos Business Overview & Revenue Model
Company Description
Minera Alamos Inc., a junior mining exploration company, acquires, explores for, and develops mineral properties in Mexico. The company explores for gold, silver, molybdenum, and copper deposits. Its principal property is the 100% owned Santana pr...
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
58
Neutral
Cash Flow
62
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 51.20M | 8.92M | 13.42M | 21.73M | 897.91K |
| Gross Profit | -15.47M | 1.56M | 348.88K | 3.21M | 842.86K |
| EBITDA | -22.93M | -17.24M | -1.98M | 6.21M | -1.67M |
| Net Income | -42.63M | -17.57M | -2.86M | 5.61M | -1.75M |
Balance Sheet | |||||
| Total Assets | 335.28M | 47.43M | 51.62M | 53.28M | 36.42M |
| Cash, Cash Equivalents and Short-Term Investments | 60.32M | 11.76M | 13.75M | 13.18M | 9.38M |
| Total Debt | 34.78M | 6.38M | 6.27M | 371.97K | 440.74K |
| Total Liabilities | 140.46M | 14.01M | 13.93M | 10.08M | 4.47M |
| Stockholders Equity | 194.82M | 33.43M | 37.69M | 43.21M | 31.95M |
Cash Flow | |||||
| Free Cash Flow | 24.46M | -10.00M | -4.93M | -1.76M | -18.22M |
| Operating Cash Flow | 31.02M | -9.65M | -4.57M | 2.61M | -5.45M |
| Investing Cash Flow | -139.68M | -347.68K | -366.49K | -2.31M | -8.24M |
| Financing Cash Flow | 156.89M | 8.18M | 6.19M | 5.37M | 815.04K |
Minera Alamos Technical Analysis
Neutral
6.72
Price Trends
6.29
Negative
6.10
Positive
5.03
Positive
Market Momentum
0.13
Positive
42.70
Neutral
28.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MAI, the sentiment is Neutral. The current price of 6.72 is above the 20-day moving average (MA) of 6.51, above the 50-day MA of 6.29, and above the 200-day MA of 5.03, indicating a neutral trend. The MACD of 0.13 indicates Positive momentum. The RSI at 42.70 is Neutral, neither overbought nor oversold. The STOCH value of 28.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | C$321.09M | 3.22 | 32.00% | ― | 116.41% | -20.03% | |
56 Neutral | C$704.45M | -8.61 | -63.51% | ― | 474.24% | -112.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$739.79M | -18.41 | -76.97% | ― | ― | -33.50% | |
51 Neutral | C$435.72M | -20.50 | -32.72% | ― | ― | -180.15% | |
46 Neutral | C$284.69M | 9.71 | 0.75% | ― | ― | ― |
* General Sector Average
TSE:MAI
Minera Alamos
6.15
2.85
86.36%
TSE:VGZ
Vista Gold
3.03
1.30
75.14%
TSE:LGD
Liberty Gold
1.32
1.02
332.79%
TSE:WRLG
West Red Lake Gold Mines
0.67
-0.11
-14.10%
TSE:STGO
Steppe Gold
1.25
0.36
40.45%
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...
Business Operations and StrategyPrivate Placements and Financing
Minera Alamos Secures US$75 Million Credit Facility to Refinance Gold Prepay and Fund U.S. Growth
Positive
Mar 31, 2026
Minera Alamos has executed a term sheet for a US$75 million revolving credit facility with Scotiabank and National Bank of Canada, aimed at strengthening its balance sheet and providing flexible, lower-cost debt financing. The three-year facility,...
Business Operations and Strategy
Minera Alamos Extends Pan Mine Life With Updated Gold Reserves in Nevada
Positive
Mar 6, 2026
Minera Alamos has updated mineral resource and reserve estimates for its 100%-owned Pan gold mine in Nevada, confirming Proven and Probable Reserves of 222 thousand ounces of gold and an additional 33 thousand ounces in recoverable leach pad inven...
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.