Altius Minerals (TSE:ALS) Given a C$60.00 Price Target by TD Analysts

Altius Minerals (TSE:ALS) received a C$60.00 price objective from stock analysts at TD in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD’s price target would indicate a potential upside of 2.95% from the stock’s current price.

A number of other research analysts have also recently weighed in on ALS. TD Securities cut shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Raymond James Financial raised their price target on shares of Altius Minerals from C$64.00 to C$66.00 in a research note on Monday, July 13th. National Bank Financial lifted their price target on shares of Altius Minerals from C$62.50 to C$70.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Scotiabank upped their price objective 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. Finally, ATB Cormark Capital Markets increased their price objective on Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. Two 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 stock has an average rating of “Hold” and an average price target of C$61.75.

Altius Minerals Stock Performance

Shares of TSE:ALS traded down C$0.27 during midday trading on Wednesday, reaching C$58.28. The company had a trading volume of 226,974 shares, compared to its average volume of 246,559. The company’s 50 day moving average price is C$58.33 and its 200 day moving average price is C$51.03. The company has a current ratio of 9.96, a quick ratio of 6.49 and a debt-to-equity ratio of 6.56. The stock has a market cap of C$3.25 billion, a P/E ratio of 9.31 and a beta of 0.40. Altius Minerals has a 52-week low of C$27.58 and a 52-week high of C$66.05.

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

Insiders Place Their Bets

In other Altius Minerals news, insider Stephanie Hussey acquired 1,700 shares of Altius Minerals stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of C$50.96 per share, for a total transaction of C$86,632.00. Following the purchase, 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. 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.