Almaden Minerals Stock Price To Sales
| AMM Stock | CAD 0.25 0.01 3.85% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Almaden Minerals' long-term financial health and intrinsic value.
Almaden |
Almaden Minerals Company Price To Sales Analysis
Almaden Minerals' Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, Almaden Minerals has a Price To Sales of 0.0 times. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The price to sales for all Canada stocks is 100.0% higher than that of the company.
Almaden Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Almaden Minerals' direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Almaden Minerals could also be used in its relative valuation, which is a method of valuing Almaden Minerals by comparing valuation metrics of similar companies.Almaden Minerals is currently under evaluation in price to sales category among its peers.
Almaden Fundamentals
| Return On Equity | -0.88 | ||||
| Return On Asset | -0.0801 | ||||
| Current Valuation | 38.59 M | ||||
| Shares Outstanding | 137.22 M | ||||
| Shares Owned By Insiders | 4.35 % | ||||
| Shares Owned By Institutions | 1.92 % | ||||
| Number Of Shares Shorted | 6.5 K | ||||
| Price To Earning | (31.78) X | ||||
| Price To Book | 20.98 X | ||||
| EBITDA | (1.63 M) | ||||
| Net Income | (2.88 M) | ||||
| Cash And Equivalents | 1.72 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 8.83 M | ||||
| Debt To Equity | 3.90 % | ||||
| Current Ratio | 5.41 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (902.44 K) | ||||
| Short Ratio | 0.19 X | ||||
| Earnings Per Share | (0.02) X | ||||
| Target Price | 1.55 | ||||
| Beta | 0.52 | ||||
| Market Capitalization | 34.31 M | ||||
| Total Asset | 11.78 M | ||||
| Retained Earnings | (161.45 M) | ||||
| Working Capital | 4.42 M | ||||
| Net Asset | 11.78 M |
About Almaden Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Almaden Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Almaden Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Almaden Minerals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Almaden Minerals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Almaden Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Almaden Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Almaden Stock
| 0.72 | AG | First Majestic Silver | PairCorr |
| 0.75 | IE | Ivanhoe Energy Earnings Call Tomorrow | PairCorr |
| 0.71 | FDY | Faraday Copper Corp | PairCorr |
Moving against Almaden Stock
The ability to find closely correlated positions to Almaden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Almaden Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Almaden Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Almaden Minerals to buy it.
The correlation of Almaden Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Almaden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almaden Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Almaden Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Almaden Stock
Almaden Minerals financial ratios help investors to determine whether Almaden Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Almaden with respect to the benefits of owning Almaden Minerals security.