Altius Minerals (TSE:ALS) Insider Flora Emily Mackay Wood Acquires 1,000 Shares of Stock

Altius Minerals Co. (TSE:ALS) insider Flora Emily Mackay Wood bought 1,000 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was purchased at an average cost of C$43.15 per share, with a total value of C$43,150.00. Following the completion of the transaction, the insider directly owned 13,370 shares of the company’s stock, valued at approximately C$576,915.50. The trade was a 8.08% increase in their ownership of the stock.

Altius Minerals Stock Down 6.4%

Shares of TSE ALS opened at C$43.10 on Friday. The company has a debt-to-equity ratio of 19.48, a current ratio of 8.36 and a quick ratio of 6.49. The stock has a market capitalization of C$1.99 billion, a PE ratio of 5.63 and a beta of 0.20. Altius Minerals Co. has a one year low of C$22.27 and a one year high of C$48.54. The business’s fifty day moving average price is C$42.02 and its 200-day moving average price is C$35.88.

Analyst Ratings Changes

A number of brokerages have weighed in on ALS. TD Securities increased their target price on shares of Altius Minerals from C$34.00 to C$39.00 in a research report on Tuesday, October 21st. BMO Capital Markets upped their price target on shares of Altius Minerals from C$34.00 to C$35.00 in a research note on Wednesday, November 12th. Scotiabank downgraded shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Raymond James Financial lowered shares of Altius Minerals from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$9.00 to C$9.50 in a research note on Tuesday, December 30th. Finally, National Bankshares increased their target price on Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Altius Minerals presently has an average rating of “Moderate Buy” and a consensus target price of C$35.42.

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.