Altius Minerals Co. (TSE:ALS) Receives C$61.75 Average Target Price from Analysts

Shares of Altius Minerals Co. (TSE:ALS) have been given an average rating of “Hold” by the six research firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$61.75.

Several equities research analysts have recently weighed in on ALS shares. BMO Capital Markets raised 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 report on Wednesday, May 13th. ATB Cormark Capital Markets upped their price target on Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. TD set a C$60.00 price target on shares of Altius Minerals and gave the company a “hold” rating in a research note on Wednesday, July 22nd. National Bank Financial raised their price objective on shares of Altius Minerals from C$62.50 to C$70.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Finally, Raymond James Financial raised their price objective on shares of Altius Minerals from C$64.00 to C$66.00 in a report on Monday, July 13th.

Altius Minerals Stock Performance

TSE:ALS opened at C$57.99 on Monday. Altius Minerals has a 12 month low of C$28.63 and a 12 month high of C$66.05. The company has a debt-to-equity ratio of 6.56, a current ratio of 9.96 and a quick ratio of 6.49. The firm has a market capitalization of C$3.23 billion, a PE ratio of 9.26 and a beta of 0.40. The business’s fifty day moving average price is C$59.23 and its 200 day moving average price is C$51.90.

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

Insider Activity at Altius Minerals

In related news, insider Stephanie Hussey bought 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the transaction, the insider directly owned 18,521 shares of the company’s stock, valued at approximately C$943,830.16. This represents a 10.11% 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.