Brokerages Set Altius Minerals Co. (TSE:ALS) Price Target at C$53.36

Shares of Altius Minerals Co. (TSE:ALS) have been given an average recommendation of “Hold” by the six research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$53.36.

A number of brokerages have recently weighed in on ALS. TD lowered Altius Minerals from a “buy” rating to a “hold” rating and increased their target price for the stock from C$52.00 to C$54.00 in a research note on Friday, April 10th. Raymond James Financial increased their target price on Altius Minerals from C$52.00 to C$59.00 in a research note on Thursday, May 14th. National Bank Financial increased their target price on Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Scotiabank upgraded Altius Minerals to a “hold” rating in a research note on Thursday, March 12th. Finally, BMO Capital Markets increased their target price on Altius Minerals from C$44.00 to C$49.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th.

Altius Minerals Price Performance

TSE:ALS opened at C$58.23 on Friday. The company has a quick ratio of 6.49, a current ratio of 9.96 and a debt-to-equity ratio of 6.56. The stock’s 50 day moving average price is C$53.46 and its two-hundred day moving average price is C$46.98. The firm has a market capitalization of C$3.25 billion, a price-to-earnings ratio of 9.30 and a beta of 0.39. Altius Minerals has a 12-month low of C$26.59 and a 12-month high of C$60.74.

Altius Minerals (TSE:ALS) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.11 earnings per share (EPS) for the quarter. The firm had revenue of C$22.17 million for the quarter. Altius Minerals had a return on equity of 32.43% and a net margin of 543.91%. On average, analysts anticipate that Altius Minerals will post 0.3509869 earnings per share for the current year.

Insider Transactions at Altius Minerals

In related news, Director Brian Dalton purchased 2,000 shares of Altius Minerals stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average price of C$43.66 per share, with a total value of C$87,320.00. Following the completion of the transaction, the director directly owned 828,356 shares of the company’s stock, valued at C$36,166,022.96. This represents a 0.24% increase in their position. Also, insider Stephanie Hussey purchased 1,700 shares of Altius Minerals stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of C$50.96 per share, for a total transaction of C$86,632.00. Following the transaction, the insider directly owned 18,521 shares of the company’s stock, valued at C$943,830.16. This represents a 10.11% increase in their ownership of the stock. Insiders have purchased a total of 7,620 shares of company stock worth $338,274 in the last ninety days. 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.