Altius Minerals (TSE:ALS) Reaches New 52-Week High on Analyst Upgrade

Altius Minerals Co. (TSE:ALS)’s share price hit a new 52-week high on Tuesday after BMO Capital Markets raised their price target on the stock from C$44.00 to C$49.00. BMO Capital Markets currently has a market perform rating on the stock. Altius Minerals traded as high as C$55.66 and last traded at C$55.10, with a volume of 161402 shares traded. The stock had previously closed at C$53.43.

Several other research analysts have also recently weighed in on ALS. Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday. National Bank Financial lifted their price target on shares of Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities cut shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Raymond James Financial lifted their price target on shares of Altius Minerals from C$48.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, TD downgraded shares of Altius Minerals from a “buy” rating to a “hold” rating and upped their target price for the stock from C$52.00 to C$54.00 in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Altius Minerals presently has an average rating of “Hold” and a consensus target price of C$52.36.

Insider Buying and Selling at Altius Minerals

In other Altius Minerals news, Director Andr� Gaumond purchased 1,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were acquired at an average cost of C$41.69 per share, with a total value of C$41,690.00. Following the completion of the acquisition, the director directly owned 78,351 shares in the company, valued at C$3,266,453.19. The trade was a 1.29% increase in their ownership of the stock. Also, Director Brian Dalton purchased 1,600 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were acquired at an average cost of C$41.32 per share, for a total transaction of C$66,112.00. Following the completion of the acquisition, the director owned 829,956 shares of the company’s stock, valued at approximately C$34,293,781.92. This trade represents a 0.19% increase in their ownership of the stock. Insiders have acquired a total of 5,600 shares of company stock valued at $235,322 over the last ninety days. 19.00% of the stock is currently owned by company insiders.

Altius Minerals Trading Down 1.0%

The firm has a market capitalization of C$3.15 billion, a P/E ratio of 8.92 and a beta of 0.36. The company has a quick ratio of 6.49, a current ratio of 15.11 and a debt-to-equity ratio of 9.98. The stock has a fifty day simple moving average of C$49.07 and a 200 day simple moving average of C$44.46.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. The business had revenue of C$22.17 million for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. As a group, research analysts forecast that Altius Minerals Co. will post 0.3509869 EPS for the current year.

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.