Altius Minerals (TSE:ALS) Insider Acquires C$86,632.00 in Stock

Altius Minerals Co. (TSE:ALS) insider Stephanie Hussey acquired 1,700 shares of the stock in a transaction dated 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 completion of the purchase, the insider owned 18,521 shares of the company’s stock, valued at approximately C$943,830.16. The trade was a 10.11% increase in their position.

Stephanie Hussey also recently made the following trade(s):

• On Wednesday, May 20th, Stephanie Hussey acquired 320 shares of Altius Minerals stock. The shares were purchased at an average cost of C$51.00 per share, with a total value of C$16,320.00.

Altius Minerals Trading Up 2.5%

Shares of TSE:ALS traded up C$1.27 during midday trading on Monday, hitting C$52.63. 32,502 shares of the stock traded hands, compared to its average volume of 192,254. Altius Minerals Co. has a one year low of C$26.13 and a one year high of C$57.24. 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 business’s 50 day moving average is C$49.93 and its two-hundred day moving average is C$45.22. The stock has a market capitalization of C$2.93 billion, a PE ratio of 8.41 and a beta of 0.36.

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. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. The company had revenue of C$22.17 million for the quarter. As a group, research analysts forecast that Altius Minerals Co. will post 0.3509869 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ALS shares. National Bank Financial boosted their price target on shares of Altius Minerals from C$57.50 to C$62.50 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. BMO Capital Markets boosted their price target on shares of Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group boosted their price target on shares of Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday, May 12th. TD cut shares of Altius Minerals from a “buy” rating to a “hold” rating and boosted their price target for the company from C$52.00 to C$54.00 in a research report on Friday, April 10th. Finally, Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$53.36.

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.