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

Altius Minerals Co. (TSE:ALS) has been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$56.36.

ALS has been the topic of a number of recent research reports. Raymond James Financial raised their price target on shares of Altius Minerals from C$52.00 to C$59.00 in a research report on Thursday, May 14th. BMO Capital Markets lifted their price target on shares of Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. TD Securities lowered Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. TD cut Altius Minerals from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$52.00 to C$54.00 in a report on Friday, April 10th. Finally, National Bank Financial raised their price target on Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th.

Altius Minerals Stock Performance

Shares of ALS stock opened at C$63.52 on Thursday. Altius Minerals has a 12-month low of C$26.83 and a 12-month high of C$64.49. The firm has a 50 day moving average price of C$55.81 and a two-hundred day moving average price of C$48.98. The company has a quick ratio of 6.49, a current ratio of 9.96 and a debt-to-equity ratio of 6.56. The company has a market capitalization of C$3.54 billion, a PE ratio of 10.15 and a beta of 0.39.

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

Insider Transactions at Altius Minerals

In other news, insider Stephanie Hussey acquired 1,700 shares of Altius Minerals stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of C$50.96 per share, for a total transaction of C$86,632.00. Following the completion of the purchase, the insider directly owned 18,521 shares of the company’s stock, valued at approximately C$943,830.16. This represents a 10.11% increase in their position. 19.00% of the stock is owned by insiders.

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.