Altius Minerals (OTCMKTS:ATUSF) Shares Cross Above 50 Day Moving Average – Here’s Why

Altius Minerals Co. (OTCMKTS:ATUSF) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $23.65 and traded as high as $27.1250. Altius Minerals shares last traded at $27.1250, with a volume of 20,720 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ATUSF. Scotiabank reiterated an “outperform” rating on shares of Altius Minerals in a report on Tuesday, October 28th. National Bankshares restated an “outperform” rating on shares of Altius Minerals in a report on Wednesday, August 13th. BMO Capital Markets restated a “market perform” rating on shares of Altius Minerals in a report on Friday, July 25th. Finally, Raymond James Financial restated an “outperform” rating on shares of Altius Minerals in a report on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Altius Minerals Price Performance

The business’s fifty day simple moving average is $23.65 and its 200 day simple moving average is $21.30.

Altius Minerals Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a $0.0725 dividend. The ex-dividend date was Friday, August 29th. This represents a yield of 138.0%. This is an increase from Altius Minerals’s previous dividend of $0.06.

About Altius Minerals

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. The company owns royalty and streaming interests in 11 operating mines covering copper, zinc, nickel, cobalt, potash, iron ore, precious metals, and thermal and metallurgical coal.