Altius Minerals (TSE:ALS) Hits New 1-Year High – Should You Buy?

Altius Minerals Co. (TSE:ALS) shares reached a new 52-week high on Monday . The company traded as high as C$65.29 and last traded at C$65.06, with a volume of 132633 shares changing hands. The stock had previously closed at C$64.62.

Wall Street Analyst Weigh In

ALS has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their price objective on shares of Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday, May 12th. TD downgraded shares of Altius Minerals from a “buy” rating to a “hold” rating and upped their price target for the stock from C$52.00 to C$54.00 in a report on Friday, April 10th. Scotiabank increased their price target on Altius Minerals from C$57.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Monday, June 15th. National Bank Financial boosted their price objective on Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Raymond James Financial upped their target price on Altius Minerals from C$52.00 to C$59.00 in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$56.36.

Altius Minerals Stock Up 0.9%

The company has a debt-to-equity ratio of 6.56, a quick ratio of 6.49 and a current ratio of 9.96. The stock’s fifty day simple moving average is C$56.34 and its two-hundred day simple moving average is C$49.33. The stock has a market capitalization of C$3.64 billion, a P/E ratio of 10.42 and a beta of 0.40.

Altius Minerals (TSE:ALS) last released 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 net margin of 543.91% and a return on equity of 32.43%. The firm had revenue of C$22.17 million during the quarter. As a group, research analysts expect that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.

Insider Transactions at Altius Minerals

In related news, insider Stephanie Hussey bought 1,700 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the transaction, the insider directly owned 18,521 shares in the company, valued at approximately C$943,830.16. This trade represents a 10.11% increase in their ownership of the stock. 19.00% of the stock is currently owned by corporate insiders.

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.