Flora Emily Mackay Wood Purchases 1,000 Shares of Altius Minerals (TSE:ALS) Stock

Altius Minerals Co. (TSE:ALS) insider Flora Emily Mackay Wood purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average price of C$43.15 per share, for a total transaction of C$43,150.00. Following the transaction, the insider directly owned 13,370 shares of the company’s stock, valued at C$576,915.50. This trade represents a 8.08% increase in their position.

Altius Minerals Trading Down 6.4%

ALS opened at C$43.10 on Friday. The stock has a market capitalization of C$1.99 billion, a price-to-earnings ratio of 5.63 and a beta of 0.20. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. Altius Minerals Co. has a twelve month low of C$22.27 and a twelve month high of C$48.54. The company has a 50-day simple moving average of C$42.02 and a 200 day simple moving average of C$35.94.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALS. Scotiabank cut shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. BMO Capital Markets lifted their price target on Altius Minerals from C$34.00 to C$35.00 in a research note on Wednesday, November 12th. National Bankshares boosted their price target on Altius Minerals from C$45.50 to C$52.00 in a report on Thursday. Raymond James Financial lowered Altius Minerals from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$9.00 to C$9.50 in a research note on Tuesday, December 30th. Finally, TD Securities lifted their target price on Altius Minerals from C$34.00 to C$39.00 in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$35.42.

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.