Insider Buying: Altius Minerals (TSE:ALS) Director Buys 1,000 Shares of Stock

Altius Minerals Co. (TSE:ALS) Director Andr� Gaumond acquired 1,000 shares of Altius Minerals stock in a transaction dated Thursday, March 19th. The shares were bought at an average cost of C$41.69 per share, for a total transaction of C$41,690.00. Following the completion of the purchase, the director directly owned 78,351 shares of the company’s stock, valued at approximately C$3,266,453.19. The trade was a 1.29% increase in their position.

Altius Minerals Price Performance

Shares of TSE ALS remained flat at C$52.43 during midday trading on Friday. The stock had a trading volume of 177,218 shares, compared to its average volume of 196,535. The company has a market cap of C$2.93 billion, a PE ratio of 8.27 and a beta of 0.33. Altius Minerals Co. has a 12 month low of C$22.27 and a 12 month high of C$52.59. The company’s 50 day simple moving average is C$45.59 and its two-hundred day simple moving average is C$40.96. The company has a debt-to-equity ratio of 9.98, a quick ratio of 6.49 and a current ratio of 15.11.

Altius Minerals (TSE:ALS) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C$0.24 earnings per share (EPS) for the quarter. The business had revenue of C$14.06 million for the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%. As a group, equities research analysts expect that Altius Minerals Co. will post 0.3509869 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on ALS shares. Scotiabank raised shares of Altius Minerals to a “hold” rating in a research note on Thursday, March 12th. TD Securities increased their price target on shares of Altius Minerals from C$39.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Raymond James Financial raised their price target on shares of Altius Minerals from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. National Bank Financial boosted their price objective on shares of Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday, January 29th. Finally, Canaccord Genuity Group upped their price objective on shares of Altius Minerals from C$47.00 to C$51.00 in a research note on Monday, March 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$45.83.

Altius Minerals Company Profile

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.