National Bank Financial Raises Altius Minerals (TSE:ALS) Price Target to C$57.50

Altius Minerals (TSE:ALS) had its price objective upped by stock analysts at National Bank Financial from C$55.00 to C$57.50 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 11.67% from the company’s current price.

A number of other research firms have also recently commented on ALS. TD cut Altius Minerals from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$52.00 to C$54.00 in a research report on Friday, April 10th. Canaccord Genuity Group raised their target price on shares of Altius Minerals from C$47.00 to C$51.00 in a research note on Monday, March 16th. Scotiabank upgraded Altius Minerals to a “hold” rating in a report on Thursday, March 12th. TD Securities lowered shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Raymond James Financial boosted their price objective on shares of Altius Minerals from C$47.00 to C$48.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$47.79.

Altius Minerals Stock Performance

TSE ALS traded down C$0.09 during trading hours on Wednesday, reaching C$51.49. The stock had a trading volume of 52,663 shares, compared to its average volume of 189,188. The stock has a fifty day moving average of C$46.45 and a 200 day moving average of C$42.04. The stock has a market cap of C$2.88 billion, a P/E ratio of 8.12 and a beta of 0.30. Altius Minerals has a 52-week low of C$23.72 and a 52-week high of C$53.46. 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 issued its earnings results on Tuesday, March 10th. The company reported C$0.24 EPS for the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%.The firm had revenue of C$14.06 million for the quarter. Sell-side analysts predict that Altius Minerals will post 0.3509869 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Flora Emily Mackay Wood purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were purchased at an average price of C$43.15 per share, with a total value of C$43,150.00. Following the completion of the acquisition, the insider directly owned 13,370 shares in the company, valued at C$576,915.50. This represents a 8.08% increase in their position. Also, insider Mark Raguz acquired 1,160 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average price of C$43.01 per share, for a total transaction of C$49,891.60. Following the completion of the transaction, the insider owned 20,253 shares in the company, valued at C$871,081.53. The trade was a 6.08% increase in their ownership of the stock. In the last ninety days, insiders bought 7,760 shares of company stock worth $328,364. Corporate insiders own 19.00% of the company’s stock.

About Altius Minerals

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.