Altius Minerals (TSE:ALS) Given New C$49.00 Price Target at BMO Capital Markets

Altius Minerals (TSE:ALS) had its target price lifted by equities researchers at BMO Capital Markets from C$44.00 to C$49.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential downside of 13.09% from the company’s current price.

ALS has been the topic of several other research reports. Raymond James Financial lifted their target price on Altius Minerals from C$48.00 to C$52.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Scotiabank raised Altius Minerals to a “hold” rating in a research note on Thursday, March 12th. TD cut Altius Minerals from a “buy” rating to a “hold” rating and boosted their price target for the company from C$52.00 to C$54.00 in a research note on Friday, April 10th. TD Securities cut Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, National Bank Financial boosted their price target on Altius Minerals from C$57.50 to C$62.50 and gave the company an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$52.36.

Altius Minerals Stock Down 1.3%

TSE:ALS traded down C$0.75 on Wednesday, hitting C$56.38. 195,099 shares of the company’s stock traded hands, compared to its average volume of 189,806. The company has a current ratio of 15.11, a quick ratio of 6.49 and a debt-to-equity ratio of 9.98. Altius Minerals has a 1 year low of C$25.92 and a 1 year high of C$57.24. The firm has a 50-day moving average price of C$48.92 and a 200-day moving average price of C$44.31. The company has a market cap of C$3.14 billion, a PE ratio of 8.89 and a beta of 0.36.

Altius Minerals (TSE:ALS) last released its earnings results on Tuesday, May 12th. The company reported C$0.11 earnings per share for the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%.The company had revenue of C$22.17 million for the quarter. Equities analysts anticipate that Altius Minerals will post 0.3509869 EPS for the current fiscal year.

Insider Activity at Altius Minerals

In other news, Director Brian Dalton purchased 1,600 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average price of C$41.32 per share, with a total value of C$66,112.00. Following the purchase, the director owned 829,956 shares in the company, valued at C$34,293,781.92. This represents a 0.19% increase in their position. Also, insider Mark Raguz purchased 1,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average cost of C$40.20 per share, with a total value of C$40,200.00. Following the purchase, the insider owned 21,253 shares in the company, valued at C$854,370.60. This represents a 4.94% increase in their position. In the last quarter, insiders bought 5,600 shares of company stock valued at $235,322. 19.00% of the stock is owned by corporate insiders.

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.