Altius Minerals (TSE:ALS) Rating Increased to Hold at Scotiabank

Scotiabank upgraded shares of Altius Minerals (TSE:ALS) to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. National Bank Financial increased their price target on Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday, January 29th. Raymond James Financial lowered Altius Minerals from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$9.00 to C$9.50 in a research report on Tuesday, December 30th. TD Securities increased their price objective on Altius Minerals from C$39.00 to C$52.00 and gave the company a “buy” rating in a report on Thursday. Finally, BMO Capital Markets raised their target price on shares of Altius Minerals from C$34.00 to C$35.00 in a research note on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$37.58.

Altius Minerals Trading Down 3.5%

Shares of TSE:ALS opened at C$44.64 on Thursday. The company’s 50-day moving average price is C$45.19 and its two-hundred day moving average price is C$39.19. The company has a debt-to-equity ratio of 9.98, a current ratio of 15.11 and a quick ratio of 6.49. Altius Minerals has a one year low of C$22.27 and a one year high of C$49.73. The stock has a market capitalization of C$2.07 billion, a PE ratio of 5.84 and a beta of 0.33.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Tuesday, March 10th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$14.06 million during the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%. On average, equities analysts forecast that Altius Minerals will post 0.3509869 EPS for the current fiscal year.

Insider Transactions at Altius Minerals

In other Altius Minerals news, insider Flora Emily Mackay Wood acquired 1,000 shares of the company’s stock in a transaction on Friday, January 30th. The shares were purchased at an average price of C$43.15 per share, for a total transaction of C$43,150.00. Following the completion of the purchase, the insider directly owned 13,370 shares of the company’s stock, valued at approximately C$576,915.50. This represents a 8.08% increase in their ownership of the stock. Also, insider Mark Raguz acquired 1,160 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of C$43.01 per share, with a total value of C$49,891.60. Following the completion of the transaction, the insider owned 20,253 shares of the company’s stock, valued at approximately C$871,081.53. The trade was a 6.08% increase in their ownership of the stock. Company insiders own 19.00% of the company’s stock.

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.