Altius Minerals Co. (ALS) Given New C$14.50 Price Target at Raymond James Financial, Inc.
Altius Minerals Co. (TSE:ALS) had its price target boosted by investment analysts at Raymond James Financial, Inc. from C$13.00 to C$14.50 in a report issued on Wednesday. The firm presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price objective would indicate a potential upside of 19.54% from the company’s current price.
Several other research analysts have also commented on ALS. TD Securities restated a “buy” rating and issued a C$16.50 price objective on shares of Altius Minerals in a report on Wednesday, August 23rd. Scotiabank restated a “sector perform” rating and issued a C$13.50 price objective on shares of Altius Minerals in a report on Friday, September 15th.
Shares of Altius Minerals (TSE ALS) traded up C$0.30 during midday trading on Wednesday, reaching C$12.13. 74,113 shares of the company’s stock traded hands, compared to its average volume of 47,133. Altius Minerals has a 1-year low of C$10.05 and a 1-year high of C$14.06.
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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 bought at an average cost of C$10.97 per share, for a total transaction of C$230,370.00. Also, Director Roger Lace purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was acquired at an average price of C$11.58 per share, with a total value of C$115,800.00. Insiders acquired a total of 41,000 shares of company stock valued at $463,670 over the last 90 days.
Altius Minerals Company Profile
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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