Altius Minerals (TSE:ALS) Posts Earnings Results

Altius Minerals (TSE:ALS) released its quarterly earnings data on Monday. The company reported C$0.14 EPS for the quarter, FiscalAI reports. Altius Minerals had a return on equity of 32.43% and a net margin of 543.91%.The business had revenue of C$23.15 million during the quarter.

Altius Minerals Trading Down 1.3%

TSE ALS opened at C$62.34 on Tuesday. Altius Minerals has a 52 week low of C$28.63 and a 52 week high of C$66.05. The company has a debt-to-equity ratio of 6.56, a quick ratio of 6.49 and a current ratio of 9.96. The stock’s 50 day moving average price is C$59.84 and its two-hundred day moving average price is C$52.56. The stock has a market capitalization of C$3.66 billion, a price-to-earnings ratio of 9.96 and a beta of 0.40.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD set a C$60.00 price target on Altius Minerals and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Raymond James Financial boosted their price target on shares of Altius Minerals from C$64.00 to C$66.00 in a report on Monday, July 13th. BMO Capital Markets raised 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 note on Wednesday, May 13th. Canaccord Genuity Group lifted their target price on Altius Minerals from C$51.00 to C$60.00 in a report on Tuesday, May 12th. Finally, National Bank Financial boosted their target price 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 equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Altius Minerals presently has a consensus rating of “Hold” and an average target price of C$61.75.

Insider Activity

In other Altius Minerals news, insider Stephanie Hussey acquired 1,700 shares of the stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of C$50.96 per share, for a total transaction of C$86,632.00. Following the completion of the acquisition, the insider directly 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. 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.