Altius Minerals (TSE:ALS) Price Target Raised to C$52.00

Altius Minerals (TSE:ALS) had its price objective boosted by TD Securities from C$39.00 to C$52.00 in a research note released on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on ALS. Scotiabank downgraded shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. BMO Capital Markets raised their target price on shares of Altius Minerals from C$34.00 to C$35.00 in a report on Wednesday, November 12th. Raymond James Financial downgraded Altius Minerals from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$9.00 to C$9.50 in a research note on Tuesday, December 30th. Finally, National Bank Financial upped their target price on Altius Minerals from C$45.50 to C$52.00 in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$44.00.

Altius Minerals Stock Performance

Altius Minerals stock opened at C$43.05 on Thursday. The company has a market cap of C$1.99 billion, a PE ratio of 5.63 and a beta of 0.33. The company has a fifty day moving average price of C$45.23 and a two-hundred day moving average price of C$39.36. The company has a debt-to-equity ratio of 9.98, a current ratio of 15.11 and a quick ratio of 6.49. Altius Minerals has a 12 month low of C$22.27 and a 12 month high of C$49.73.

Altius Minerals (TSE:ALS) last released its earnings results on Tuesday, March 10th. The company reported C$0.24 earnings per share for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. The firm had revenue of C$14.06 million during the quarter. Research analysts expect that Altius Minerals will post 0.3509869 earnings per share for the current year.

Insider Transactions at Altius Minerals

In other news, insider Mark Raguz bought 1,160 shares of Altius Minerals stock in a transaction on Friday, January 30th. The stock was purchased at an average cost of C$43.01 per share, with a total value of C$49,891.60. Following the purchase, the insider directly owned 20,253 shares of the company’s stock, valued at approximately C$871,081.53. This trade represents a 6.08% increase in their position. Also, insider Flora Emily Mackay Wood bought 1,000 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was purchased at an average price of C$43.15 per share, with a total value of C$43,150.00. Following the transaction, the insider owned 13,370 shares in the company, valued at C$576,915.50. The trade was a 8.08% increase in their position. 19.00% of the stock is owned by company insiders.

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.