TD Reiterates “C$60.00” Price Target for Altius Minerals (TSE:ALS)

TD set a C$60.00 price target on Altius Minerals (TSE:ALS) in a research note published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also weighed in on ALS. BMO Capital Markets lifted their price objective 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. Scotiabank upped their target price on Altius Minerals from C$57.00 to C$58.00 and gave the company a “sector perform” rating in a research report on Monday, June 15th. ATB Cormark Capital Markets raised their target price on Altius Minerals from C$68.00 to C$79.00 in a research note on Tuesday, July 14th. TD Securities downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, National Bank Financial boosted their price target on Altius Minerals from C$62.50 to C$70.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$61.75.

Altius Minerals Trading Down 0.2%

ALS opened at C$58.36 on Wednesday. Altius Minerals has a twelve month low of C$28.33 and a twelve month high of C$66.05. The company has a fifty day moving average of C$58.54 and a 200-day moving average of C$51.33. The stock has a market cap of C$3.25 billion, a PE ratio of 9.32 and a beta of 0.40. The company has a quick ratio of 6.49, a current ratio of 9.96 and a debt-to-equity ratio of 6.56.

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

Insider Buying and Selling at Altius Minerals

In related news, insider Stephanie Hussey acquired 1,700 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of C$50.96 per share, for a total transaction of C$86,632.00. Following the completion of the acquisition, the insider owned 18,521 shares of the company’s stock, valued at approximately C$943,830.16. This trade represents a 10.11% increase in their ownership of the stock. Corporate insiders own 19.00% of the company’s stock.

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.