TD Securities Increases Altius Minerals Co. (ALS) Price Target to C$17.00
Altius Minerals Co. (TSE:ALS) had its price objective lifted by TD Securities from C$16.50 to C$17.00 in a report released on Friday. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 53.02% from the company’s current price.
Separately, Scotiabank started coverage on shares of Altius Minerals in a report on Tuesday, June 27th. They set a “sector perform” rating and a C$14.00 price objective for the company.
Shares of Altius Minerals (ALS) opened at 11.11 on Friday. Altius Minerals has a one year low of $9.41 and a one year high of $14.06. The company’s 50 day moving average is $11.65 and its 200 day moving average is $11.42. The company’s market cap is $481.45 million.
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In related news, insider Minerals Corporation Altius acquired 21,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was acquired at an average price of C$10.97 per share, for a total transaction of C$230,370.00. Also, insider Benjamin Gerard Lewis bought 3,900 shares of Altius Minerals stock in a transaction dated Friday, July 28th. The stock was acquired at an average price of C$11.10 per share, with a total value of C$43,290.00. Insiders have purchased 108,489 shares of company stock valued at $1,174,453 in the last 90 days.
About Altius Minerals
Altius Minerals Corporation is a mining royalty and mineral project generation company. The Company is engaged in the generation and acquisition of mineral resource projects, royalties and investments. The royalty interests cover mining operations producing copper, zinc, nickel, cobalt, precious metals, potash, and thermal (electrical) and metallurgical coal.
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