Altius Minerals (TSE:ALS) Hits New 12-Month High – Still a Buy?

Altius Minerals Co. (TSE:ALS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$65.89 and last traded at C$67.63, with a volume of 73193 shares. The stock had previously closed at C$65.58.

Analyst Ratings Changes

A number of research firms have commented on ALS. Raymond James Financial raised their price target on shares of Altius Minerals from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Canaccord Genuity Group increased their price objective on shares of Altius Minerals from C$60.00 to C$70.00 in a research report on Tuesday, August 11th. TD set a C$60.00 price objective on shares of Altius Minerals and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Scotiabank upgraded Altius Minerals to a “hold” rating in a research note on Thursday, July 23rd. Finally, ATB Cormark Capital Markets boosted their target price on Altius Minerals from C$68.00 to C$79.00 in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Altius Minerals currently has a consensus rating of “Hold” and a consensus price target of C$64.00.

Altius Minerals Trading Down 3.6%

The business has a fifty day moving average of C$61.96 and a 200-day moving average of C$55.69. The company has a debt-to-equity ratio of 6.47, a quick ratio of 6.49 and a current ratio of 13.49. The company has a market capitalization of C$3.78 billion, a P/E ratio of 10.22 and a beta of 0.49.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Monday, August 10th. The company reported C$0.14 EPS for the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. The business had revenue of C$23.15 million during the quarter. Analysts anticipate that Altius Minerals Co. will post 0.3509869 earnings per share for the current fiscal year.

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.