Altius Minerals Co. (TSE:ALS) Receives C$52.36 Average PT from Analysts

Shares of Altius Minerals Co. (TSE:ALS) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$53.36.

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

Insider Buying and Selling at Altius Minerals

In other Altius Minerals news, insider Mark Raguz purchased 1,000 shares of the stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of C$40.20 per share, with a total value of C$40,200.00. Following the completion of the acquisition, the insider owned 21,253 shares in the company, valued at C$854,370.60. This trade represents a 4.94% increase in their ownership of the stock. Also, Director Brian Dalton purchased 1,600 shares of the stock in a transaction on Thursday, March 19th. The stock was acquired at an average cost of C$41.32 per share, for a total transaction of C$66,112.00. Following the completion of the acquisition, the director owned 829,956 shares of the company’s stock, valued at C$34,293,781.92. The trade was a 0.19% increase in their position. Over the last three months, insiders have acquired 5,600 shares of company stock valued at $235,322. 19.00% of the stock is owned by insiders.

Altius Minerals Price Performance

Shares of ALS opened at C$51.68 on Wednesday. The firm has a market capitalization of C$2.88 billion, a PE ratio of 8.26 and a beta of 0.36. The company has a debt-to-equity ratio of 6.56, a current ratio of 9.96 and a quick ratio of 6.49. Altius Minerals has a 1-year low of C$26.13 and a 1-year high of C$57.24. The company’s fifty day moving average price is C$49.62 and its 200-day moving average price is C$44.94.

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

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.