Altius Minerals Co. (TSE:ALS) Given Consensus Recommendation of “Hold” by Analysts

Altius Minerals Co. (TSE:ALS) has received a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$53.36.

A number of brokerages have recently issued reports on ALS. TD downgraded Altius Minerals from a “buy” rating to a “hold” rating and lifted their price target for the company from C$52.00 to C$54.00 in a report on Friday, April 10th. Raymond James Financial lifted their price target on Altius Minerals from C$52.00 to C$59.00 in a report on Thursday, May 14th. TD Securities downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Canaccord Genuity Group lifted their price target on Altius Minerals from C$51.00 to C$60.00 in a report on Tuesday, May 12th. Finally, National Bank Financial lifted their price target on Altius Minerals from C$57.50 to C$62.50 and gave the company an “outperform” rating in a report on Wednesday, May 13th.

Altius Minerals Trading Down 6.3%

Shares of TSE:ALS opened at C$55.38 on Friday. Altius Minerals has a 12-month low of C$26.59 and a 12-month high of C$60.74. The business’s fifty day simple moving average is C$52.62 and its 200-day simple moving average is C$46.40. The company has a market capitalization of C$3.09 billion, a PE ratio of 8.85 and a beta of 0.39. The company has a current ratio of 9.96, a quick ratio of 6.49 and a debt-to-equity ratio of 6.56.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.11 earnings per share (EPS) for the quarter. Altius Minerals had a return on equity of 32.43% and a net margin of 543.91%.The business had revenue of C$22.17 million for the quarter. As a group, equities research analysts predict that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mark Raguz acquired 1,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were purchased at an average price of C$40.20 per share, for a total transaction of C$40,200.00. Following the completion of the acquisition, the insider directly owned 21,253 shares in the company, valued at C$854,370.60. The trade was a 4.94% increase in their position. Also, insider Stephanie Hussey acquired 1,700 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of C$50.96 per share, for a total transaction of C$86,632.00. Following the acquisition, the insider owned 18,521 shares of the company’s stock, valued at approximately C$943,830.16. This represents a 10.11% increase in their ownership of the stock. Insiders bought 7,620 shares of company stock worth $338,274 over the last quarter. Company insiders own 19.00% of the company’s stock.

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.