Raymond James Financial Issues Positive Forecast for Altius Minerals (TSE:ALS) Stock Price

Altius Minerals (TSE:ALS) had its price target increased by equities researchers at Raymond James Financial from C$52.00 to C$59.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Raymond James Financial’s price target would suggest a potential upside of 6.19% from the stock’s current price.

A number of other analysts have also recently commented on the stock. National Bank Financial boosted their target price on shares of Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Wednesday. TD cut shares of Altius Minerals from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$52.00 to C$54.00 in a research note on Friday, April 10th. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. BMO Capital Markets boosted their price target on shares of Altius Minerals from C$44.00 to C$49.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, TD Securities lowered shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Altius Minerals currently has a consensus rating of “Hold” and an average target price of C$53.36.

Altius Minerals Price Performance

Shares of ALS stock traded down C$0.99 on Thursday, reaching C$55.56. 106,615 shares of the company were exchanged, compared to its average volume of 189,670. The company has a market cap of C$3.10 billion, a price-to-earnings ratio of 8.76 and a beta of 0.36. The business has a 50-day moving average price of C$49.07 and a 200 day moving average price of C$44.46. The company has a debt-to-equity ratio of 9.98, a quick ratio of 6.49 and a current ratio of 15.11. Altius Minerals has a 1 year low of C$25.92 and a 1 year high of C$57.24.

Altius Minerals (TSE:ALS) last released its earnings results on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. The business had revenue of C$22.17 million during the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. Equities research analysts forecast that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Altius Minerals news, insider Mark Raguz purchased 1,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average cost of C$40.20 per share, for a total transaction of C$40,200.00. Following the completion of the transaction, the insider owned 21,253 shares of the company’s stock, valued at C$854,370.60. The trade was a 4.94% increase in their position. Also, Director Brian Dalton purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average price of C$43.66 per share, for a total transaction of C$87,320.00. Following the completion of the transaction, the director directly owned 828,356 shares of the company’s stock, valued at C$36,166,022.96. The trade was a 0.24% increase in their position. Over the last three months, insiders have acquired 5,600 shares of company stock worth $235,322. 19.00% of the stock is owned by 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.