Altius Minerals (TSE:ALS) Cut to “Hold” at Raymond James Financial

Raymond James Financial lowered shares of Altius Minerals (TSE:ALS) from a moderate buy rating to a hold rating in a research report sent to investors on Wednesday morning, MarketBeat reports. The firm currently has C$9.50 price objective on the stock, up from their previous price objective of C$9.00.

Several other research firms have also recently weighed in on ALS. Canaccord Genuity Group increased their price target on Altius Minerals from C$38.00 to C$40.00 in a report on Friday, October 17th. TD Securities upped their price objective on Altius Minerals from C$34.00 to C$39.00 in a research report on Tuesday, October 21st. Scotiabank downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, BMO Capital Markets raised their target price on Altius Minerals from C$34.00 to C$35.00 in a research report on Wednesday, November 12th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Altius Minerals presently has a consensus rating of “Moderate Buy” and an average price target of C$32.75.

Altius Minerals Stock Performance

Shares of ALS stock opened at C$39.74 on Wednesday. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. The company has a 50 day moving average price of C$38.92 and a 200-day moving average price of C$32.89. Altius Minerals has a 52 week low of C$22.27 and a 52 week high of C$44.44. The firm has a market capitalization of C$1.84 billion, a PE ratio of 5.19 and a beta of 0.18.

About Altius Minerals

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties. It is engaged in the operating segments of MineralRoyalties, Renewable Royalties and Project Generation.