Altius Minerals (TSE:ALS) Price Target Raised to C$62.50

Altius Minerals (TSE:ALS) had its price target boosted by National Bank Financial from C$57.50 to C$62.50 in a research report released on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on the stock. TD cut shares of Altius Minerals from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$52.00 to C$54.00 in a research note on Friday, April 10th. Scotiabank raised shares of Altius Minerals to a “hold” rating in a research note on Thursday, March 12th. TD Securities cut shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Raymond James Financial boosted their price target on shares of Altius Minerals from C$48.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Canaccord Genuity Group boosted their price target on shares of Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Altius Minerals presently has an average rating of “Hold” and an average target price of C$53.36.

Altius Minerals Stock Down 4.7%

Shares of TSE ALS opened at C$52.84 on Wednesday. The firm has a market cap of C$2.95 billion, a PE ratio of 8.44 and a beta of 0.36. Altius Minerals has a 12-month low of C$26.13 and a 12-month high of C$57.24. The company’s fifty day simple moving average is C$49.34 and its 200 day simple moving average is C$44.65. The company has a quick ratio of 6.49, a current ratio of 9.96 and a debt-to-equity ratio of 6.56.

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

Insider Transactions at Altius Minerals

In other news, Director Brian Dalton bought 1,600 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were bought at an average price of C$41.32 per share, for a total transaction of C$66,112.00. Following the purchase, the director owned 829,956 shares in the company, valued at approximately C$34,293,781.92. The trade was a 0.19% increase in their ownership of the stock. Also, Director Andr� Gaumond bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average cost of C$41.69 per share, with a total value of C$41,690.00. Following the completion of the acquisition, the director owned 78,351 shares of the company’s stock, valued at C$3,266,453.19. This represents a 1.29% increase in their position. Insiders have acquired 5,600 shares of company stock valued at $235,322 in the last three months. 19.00% of the stock is currently 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.