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

Altius Minerals Co. (TSE:ALS) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$66.25 and last traded at C$66.25, with a volume of 20072 shares traded. The stock had previously closed at C$65.15.

Wall Street Analysts Forecast Growth

ALS has been the topic of a number of recent analyst reports. Raymond James Financial raised their target price on shares of Altius Minerals from C$64.00 to C$66.00 in a research note on Monday, July 13th. ATB Cormark Capital Markets boosted their price target 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 target on shares of Altius Minerals from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research report on Thursday, July 23rd. Finally, TD set a C$60.00 price objective on shares of Altius Minerals and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Altius Minerals presently has an average rating of “Hold” and a consensus price target of C$63.62.

Altius Minerals Price Performance

The business has a fifty day moving average price of C$61.21 and a 200-day moving average price of C$54.11. The company has a current ratio of 13.49, a quick ratio of 6.49 and a debt-to-equity ratio of 6.47. The stock has a market capitalization of C$3.89 billion, a PE ratio of 10.51 and a beta of 0.40.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Monday, August 10th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$23.15 million for the quarter. Altius Minerals had a return on equity of 27.08% and a net margin of 462.21%. Research analysts expect that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.

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.