Altius Minerals (TSE:ALS) Sets New 1-Year High – Still a Buy?

Altius Minerals Co. (TSE:ALS)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as C$65.29 and last traded at C$65.06, with a volume of 132633 shares traded. The stock had previously closed at C$64.62.

Analyst Ratings Changes

ALS has been the subject of several recent research reports. BMO Capital Markets boosted their price target on shares of Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. TD downgraded Altius Minerals from a “buy” rating to a “hold” rating and raised their price target for the stock from C$52.00 to C$54.00 in a report on Friday, April 10th. Scotiabank upped their target price on Altius Minerals from C$57.00 to C$58.00 and gave the company a “sector perform” rating in a research report on Monday, June 15th. Canaccord Genuity Group raised their price target on shares of Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday, May 12th. Finally, TD Securities cut Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$56.36.

Altius Minerals Trading Down 1.8%

The company has a debt-to-equity ratio of 6.56, a current ratio of 9.96 and a quick ratio of 6.49. The company’s 50 day simple moving average is C$56.78 and its two-hundred day simple moving average is C$49.65. The company has a market cap of C$3.36 billion, a PE ratio of 9.62 and a beta of 0.40.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.11 earnings per share for the quarter. The firm had revenue of C$22.17 million during the quarter. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. As a group, sell-side analysts anticipate that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Stephanie Hussey purchased 1,700 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of C$50.96 per share, for a total transaction of C$86,632.00. Following the completion of the purchase, the insider directly owned 18,521 shares of the company’s stock, valued at approximately C$943,830.16. This trade represents a 10.11% increase in their position. 19.00% of the stock is currently owned by insiders.

About Altius Minerals

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.