Altius Minerals (TSE:ALS) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Altius Minerals (TSE:ALS) had its price target upped by research analysts at Raymond James Financial from C$47.00 to C$48.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price points to a potential upside of 11.99% from the stock’s current price.

Several other research firms have also recently weighed in on ALS. Scotiabank upgraded Altius Minerals to a “hold” rating in a report on Thursday. TD Securities upped their target price on Altius Minerals from C$39.00 to C$52.00 and gave the company a “buy” rating in a report on Thursday. Finally, National Bank Financial raised their price target on Altius Minerals from C$45.50 to C$52.00 in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$44.00.

Altius Minerals Trading Down 4.0%

Shares of ALS stock traded down C$1.78 during mid-day trading on Friday, reaching C$42.86. The stock had a trading volume of 141,747 shares, compared to its average volume of 161,365. The firm has a market capitalization of C$1.98 billion, a PE ratio of 5.60 and a beta of 0.33. The stock’s 50-day moving average price is C$45.19 and its two-hundred day moving average price is C$39.19. The company has a current ratio of 15.11, a quick ratio of 6.49 and a debt-to-equity ratio of 9.98. Altius Minerals has a 52-week low of C$22.27 and a 52-week high of C$49.73.

Altius Minerals (TSE:ALS) last posted its earnings results on Tuesday, March 10th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$14.06 million during the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. Equities analysts expect that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Insider Activity at Altius Minerals

In other news, insider Flora Emily Mackay Wood purchased 1,000 shares of Altius Minerals stock in a transaction that occurred on Friday, January 30th. The shares were bought at an average cost of C$43.15 per share, with a total value of C$43,150.00. Following the completion of the purchase, the insider directly owned 13,370 shares in the company, valued at approximately C$576,915.50. This trade represents a 8.08% increase in their ownership of the stock. Also, insider Mark Raguz acquired 1,160 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was purchased at an average price of C$43.01 per share, with a total value of C$49,891.60. Following the acquisition, the insider owned 20,253 shares of the company’s stock, valued at C$871,081.53. This represents a 6.08% increase in their position. 19.00% of the stock is currently owned by corporate 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.