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

Shares of Altius Minerals Co. (TSE:ALS) have been given an average recommendation of “Hold” by the six brokerages that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$53.36.

A number of analysts have recently commented on the company. TD Securities downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. National Bank Financial upped their target price on Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Raymond James Financial upped their target price on Altius Minerals from C$52.00 to C$59.00 in a research note on Thursday, May 14th. Canaccord Genuity Group upped their target price on Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday, May 12th. Finally, BMO Capital Markets upped their target price 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.

Altius Minerals Stock Down 6.3%

Altius Minerals stock opened at C$55.38 on Friday. 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 business’s 50-day simple moving average is C$52.62 and its two-hundred day simple moving average is C$46.40. The company has a market cap of C$3.09 billion, a PE ratio of 8.85 and a beta of 0.39. Altius Minerals has a fifty-two week low of C$26.59 and a fifty-two week high of C$60.74.

Altius Minerals (TSE:ALS) last issued its 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 firm had revenue of C$22.17 million during the quarter. Equities analysts anticipate that Altius Minerals will post 0.3509869 EPS for the current year.

Insider Buying and Selling

In related news, insider Mark Raguz bought 1,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were purchased at an average price of C$40.20 per share, for a total transaction of C$40,200.00. Following the completion of the purchase, the insider directly owned 21,253 shares of the company’s stock, valued at C$854,370.60. This represents a 4.94% increase in their ownership of the stock. Also, insider Stephanie Hussey purchased 1,700 shares of Altius Minerals stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the acquisition, the insider directly owned 18,521 shares in the company, valued at C$943,830.16. This trade represents a 10.11% increase in their position. Insiders have bought 7,620 shares of company stock worth $338,274 over the last ninety days. 19.00% of the stock is owned by corporate 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.