Altius Minerals Co. (TSE:ALS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Altius Minerals Co. (TSE:ALS) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$63.62.

ALS has been the subject of a number of research reports. TD set a C$60.00 target price on Altius Minerals and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Scotiabank raised shares of Altius Minerals to a “hold” rating in a report on Thursday, July 23rd. National Bank Financial raised their price objective on shares of Altius Minerals from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Raymond James Financial boosted their target price on shares of Altius Minerals from C$64.00 to C$66.00 in a research note on Monday, July 13th. Finally, ATB Cormark Capital Markets upped their target price on shares of Altius Minerals from C$68.00 to C$79.00 in a research report on Tuesday, July 14th.

Altius Minerals Stock Up 1.3%

Shares of TSE:ALS opened at C$63.12 on Friday. The company has a market capitalization of C$3.71 billion, a PE ratio of 10.02 and a beta of 0.40. Altius Minerals has a 52 week low of C$28.84 and a 52 week high of C$66.05. The company has a debt-to-equity ratio of 6.47, a quick ratio of 6.49 and a current ratio of 13.49. The company’s fifty day moving average is C$60.73 and its 200-day moving average is C$53.49.

Altius Minerals (TSE:ALS) last posted its quarterly earnings data on Monday, August 10th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$23.15 million during the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. Equities research analysts predict that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

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.