Altius Minerals (TSE:ALS) Stock Rating Lowered by Raymond James Financial

Altius Minerals (TSE:ALS) was downgraded by Raymond James Financial from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday,BayStreet.CA reports. They currently have a C$9.50 target price on the stock, up from their previous target price of C$9.00. Raymond James Financial’s target price indicates a potential downside of 76.83% from the stock’s previous close.

ALS has been the topic of several other reports. TD Securities lifted their target price on shares of Altius Minerals from C$34.00 to C$39.00 in a research note on Tuesday, October 21st. BMO Capital Markets raised their price target on shares of Altius Minerals from C$34.00 to C$35.00 in a report on Wednesday, November 12th. Scotiabank downgraded shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Canaccord Genuity Group boosted their price target on Altius Minerals from C$38.00 to C$40.00 in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Altius Minerals has an average rating of “Moderate Buy” and a consensus price target of C$32.75.

Altius Minerals Trading Down 1.1%

ALS traded down C$0.45 on Tuesday, hitting C$41.00. 52,699 shares of the company were exchanged, compared to its average volume of 97,818. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36. The firm has a fifty day simple moving average of C$39.03 and a two-hundred day simple moving average of C$33.08. The stock has a market capitalization of C$1.90 billion, a PE ratio of 5.36 and a beta of 0.18. Altius Minerals has a 12 month low of C$22.27 and a 12 month high of C$44.44.

Altius Minerals Company Profile

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. It is engaged in the operating segments of MineralRoyalties, Renewable Royalties and Project Generation.