Altius Minerals Co. (ALS) Trading Up 4.5%
Altius Minerals Co. (TSE:ALS)’s share price was up 4.5% during trading on Tuesday . The company traded as high as C$12.25 and last traded at C$12.54. Approximately 55,776 shares were traded during trading, an increase of 55% from the average daily volume of 35,945 shares. The stock had previously closed at C$12.00.
Several brokerages recently issued reports on ALS. TD Securities lifted their price target on shares of Altius Minerals from C$16.50 to C$17.00 and gave the company a “buy” rating in a report on Friday, September 15th. Scotiabank reissued a “sector perform” rating and set a C$13.50 price target on shares of Altius Minerals in a report on Friday, September 15th.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Thursday, October 5th.
In other Altius Minerals news, insider Minerals Corporation Altius purchased 21,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was purchased at an average cost of C$10.97 per share, with a total value of C$230,370.00. Also, Director Roger Lace purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were acquired at an average cost of C$11.75 per share, with a total value of C$117,500.00. Insiders have purchased a total of 41,000 shares of company stock valued at $463,670 over the last three months.
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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