Altius Minerals (TSE:ALS) Issues Earnings Results

Altius Minerals (TSE:ALS) announced its quarterly earnings data on Monday. The company reported C$0.14 EPS for the quarter, FiscalAI reports. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. The firm had revenue of C$23.15 million for the quarter.

Altius Minerals Stock Performance

ALS stock opened at C$63.15 on Wednesday. The firm has a 50 day moving average of C$59.90 and a two-hundred day moving average of C$52.67. Altius Minerals has a 12 month low of C$28.63 and a 12 month high of C$66.05. The company has a market capitalization of C$3.71 billion, a price-to-earnings ratio of 10.09 and a beta of 0.40. The company has a quick ratio of 6.49, a current ratio of 9.96 and a debt-to-equity ratio of 6.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ALS shares. ATB Cormark Capital Markets lifted their target price on shares of Altius Minerals from C$68.00 to C$79.00 in a research note on Tuesday, July 14th. National Bank Financial increased their price objective on Altius Minerals from C$62.50 to C$70.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. TD set a C$60.00 price objective on Altius Minerals and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Raymond James Financial boosted their target price on Altius Minerals from C$64.00 to C$66.00 in a research note on Monday, July 13th. Finally, Scotiabank raised Altius Minerals to a “hold” rating in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$63.00.

Insider Activity

In other Altius Minerals news, insider Stephanie Hussey acquired 1,700 shares of Altius Minerals stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of C$50.96 per share, with a total value of C$86,632.00. Following the purchase, the insider owned 18,521 shares in the company, valued at approximately C$943,830.16. This trade represents a 10.11% increase in their ownership of the stock. Insiders own 19.00% of the company’s stock.

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.