Altius Minerals (TSE:ALS) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Altius Minerals (TSE:ALS) had its target price hoisted by analysts at Raymond James Financial from C$66.00 to C$69.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 2.28% from the company’s current price.

Several other brokerages have also weighed in on ALS. ATB Cormark Capital Markets upped their target price on Altius Minerals from C$68.00 to C$79.00 in a research report on Tuesday, July 14th. Canaccord Genuity Group lifted their price target on Altius Minerals from C$60.00 to C$70.00 in a report on Tuesday, August 11th. BMO Capital Markets boosted their price target on Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. National Bank Financial increased their price objective on Altius Minerals from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. 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 equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$64.00.

Altius Minerals Stock Up 1.9%

ALS stock traded up C$1.26 during midday trading on Thursday, reaching C$67.46. The company had a trading volume of 55,584 shares, compared to its average volume of 246,193. The company has a 50 day moving average of C$61.21 and a two-hundred day moving average of C$54.11. The company has a market capitalization of C$3.96 billion, a P/E ratio of 10.71 and a beta of 0.40. Altius Minerals has a 1 year low of C$28.95 and a 1 year high of C$67.70. The company has a current ratio of 13.49, a quick ratio of 6.49 and a debt-to-equity ratio of 6.47.

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