Altius Minerals (TSE:ALS) Price Target Raised to C$37.00

Altius Minerals (TSE:ALS) had its target price hoisted by Scotiabank from C$36.00 to C$37.00 in a research note released on Tuesday morning,BayStreet.CA reports.

ALS has been the subject of several other reports. Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$38.00 to C$40.00 in a research note on Friday, October 17th. National Bankshares raised their target price on Altius Minerals from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Raymond James Financial boosted their target price on Altius Minerals from C$36.00 to C$37.00 in a research report on Friday, October 10th. Finally, TD Securities upped their price target on Altius Minerals from C$34.00 to C$39.00 in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Altius Minerals currently has an average rating of “Buy” and a consensus price target of C$35.50.

Altius Minerals Stock Performance

TSE:ALS opened at C$37.12 on Tuesday. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. Altius Minerals has a twelve month low of C$22.27 and a twelve month high of C$37.28. The company has a fifty day moving average of C$32.55 and a 200-day moving average of C$29.17. The firm has a market capitalization of C$1.72 billion, a P/E ratio of 17.85 and a beta of 0.26.

Altius Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.10 dividend. This is a boost from Altius Minerals’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.1%. Altius Minerals’s dividend payout ratio (DPR) is presently 17.31%.

About Altius Minerals

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.