Aldridge Minerals Inc. (AGM) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Aldridge Minerals Inc. (NYSE:AGM)‘s stock had its “hold” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a report issued on Friday. They presently have a $65.00 price target on the stock.

A number of other research analysts also recently weighed in on AGM. BidaskClub downgraded shares of Aldridge Minerals from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. TheStreet downgraded shares of Aldridge Minerals from a “b-” rating to a “c+” rating in a research report on Friday, August 11th.

Shares of Aldridge Minerals (NYSE AGM) traded up C$0.74 during trading hours on Friday, hitting C$67.77. 52,894 shares of the company were exchanged, compared to its average volume of 49,284. Aldridge Minerals has a fifty-two week low of C$47.05 and a fifty-two week high of C$77.78.

Aldridge Minerals (NYSE:AGM) last issued its quarterly earnings data on Thursday, November 9th. The company reported C$1.57 EPS for the quarter, topping analysts’ consensus estimates of C$1.46 by C$0.11. Aldridge Minerals had a net margin of 20.30% and a return on equity of 14.97%. The business had revenue of C$43.86 million for the quarter.

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In related news, insider Timothy L. Buzby sold 2,324 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of C$72.82, for a total value of C$169,233.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy L. Buzby sold 937 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of C$74.87, for a total transaction of C$70,153.19. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,856 shares of company stock valued at $2,244,371.

Institutional investors have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. bought a new position in Aldridge Minerals in the second quarter valued at $222,000. Affinity Investment Advisors LLC bought a new position in shares of Aldridge Minerals in the 3rd quarter valued at about $260,000. Virtu KCG Holdings LLC bought a new position in shares of Aldridge Minerals in the 2nd quarter valued at about $275,000. American International Group Inc. grew its position in shares of Aldridge Minerals by 7.1% in the 1st quarter. American International Group Inc. now owns 5,287 shares of the company’s stock valued at $304,000 after acquiring an additional 350 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Aldridge Minerals by 8.2% in the 2nd quarter. Voya Investment Management LLC now owns 5,449 shares of the company’s stock valued at $353,000 after acquiring an additional 413 shares during the period.

Aldridge Minerals Company Profile

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

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