Altius Minerals (TSE:ALS) Reaches New 1-Year High – Here’s What Happened

Shares of Altius Minerals Co. (TSE:ALS) reached a new 52-week high on Monday . The stock traded as high as C$62.58 and last traded at C$62.39, with a volume of 69419 shares. The stock had previously closed at C$61.22.

Analyst Ratings Changes

Several research analysts have commented on ALS shares. TD Securities downgraded shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Raymond James Financial lifted their target price on Altius Minerals from C$52.00 to C$59.00 in a report on Thursday, May 14th. Canaccord Genuity Group increased their price target on Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday, May 12th. TD downgraded Altius Minerals from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$52.00 to C$54.00 in a research note on Friday, April 10th. Finally, National Bank Financial upped their price objective on Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$56.36.

Altius Minerals Price Performance

The firm has a market capitalization of C$3.52 billion, a PE ratio of 10.08 and a beta of 0.39. The company has a debt-to-equity ratio of 6.56, a quick ratio of 6.49 and a current ratio of 9.96. The stock has a fifty day moving average price of C$55.09 and a 200-day moving average price of C$48.48.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. The firm had revenue of C$22.17 million during the quarter. Sell-side analysts forecast that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.

Insider Transactions at Altius Minerals

In other news, insider Stephanie Hussey acquired 1,700 shares of the 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 acquisition, the insider owned 18,521 shares in the company, valued at approximately C$943,830.16. This represents a 10.11% increase in their position. 19.00% of the stock is currently owned by insiders.

About Altius Minerals

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.