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

Altius Minerals Co. (TSE:ALS) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$64.00.

Several research firms have commented on ALS. Canaccord Genuity Group lifted their price target on Altius Minerals from C$60.00 to C$70.00 in a report on Tuesday, August 11th. ATB Cormark Capital Markets raised their target price on shares of Altius Minerals from C$68.00 to C$79.00 in a research report on Tuesday, July 14th. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a report on Thursday, July 23rd. National Bank Financial upped their price target on shares of Altius Minerals from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, Raymond James Financial increased their price target on shares of Altius Minerals from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th.

Altius Minerals Trading Up 0.2%

Shares of ALS opened at C$67.97 on Tuesday. Altius Minerals has a fifty-two week low of C$31.96 and a fifty-two week high of C$69.00. The company has a market capitalization of C$3.99 billion, a PE ratio of 10.79 and a beta of 0.49. The stock has a fifty day moving average of C$62.54 and a two-hundred day moving average of C$56.64. The company has a debt-to-equity ratio of 6.47, a quick ratio of 6.49 and a current ratio of 13.49.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Monday, August 10th. The company reported C$0.14 EPS for the quarter. Altius Minerals had a return on equity of 27.08% and a net margin of 462.21%.The business had revenue of C$23.15 million during the quarter. As a group, analysts forecast that Altius Minerals will post 0.3509869 EPS for the current 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.