Altius Minerals (TSE:ALS) Posts Earnings Results

Altius Minerals (TSE:ALS) released its quarterly earnings results on Tuesday. The company reported C$0.18 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$19.57 million during the quarter. Altius Minerals had a return on equity of 27.08% and a net margin of 462.21%.

Altius Minerals Price Performance

ALS traded down C$2.43 on Thursday, reaching C$48.03. The stock had a trading volume of 124,437 shares, compared to its average volume of 234,521. The firm has a 50-day moving average of C$60.36 and a 200-day moving average of C$55.46. The company has a market capitalization of C$2.82 billion, a price-to-earnings ratio of 7.62 and a beta of 0.23. Altius Minerals has a fifty-two week low of C$37.78 and a fifty-two week high of C$69.55. The company has a current ratio of 13.49, a quick ratio of 6.49 and a debt-to-equity ratio of 6.47.

Analysts Set New Price Targets

Several analysts have weighed in on ALS shares. Canaccord Genuity Group lifted their price objective on shares of Altius Minerals from C$60.00 to C$70.00 in a research note on Tuesday, August 11th. Scotiabank raised shares of Altius Minerals to a “hold” rating in a report on Thursday, July 23rd. National Bank Financial raised their target price on shares of Altius Minerals from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. TD set a C$60.00 price target on Altius Minerals and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Finally, Raymond James Financial raised their price objective on 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. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Altius Minerals presently has a consensus rating of “Hold” and an average price target of C$64.00.

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.