Short Interest in Altius Minerals Co. (OTCMKTS:ATUSF) Expands By 43.4%

Altius Minerals Co. (OTCMKTS:ATUSFGet Rating) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 83,200 shares, an increase of 43.4% from the March 15th total of 58,000 shares. Based on an average daily volume of 91,100 shares, the days-to-cover ratio is currently 0.9 days.

An institutional investor recently bought a new position in Altius Minerals stock. O Brien Greene & Co. Inc bought a new position in Altius Minerals Co. (OTCMKTS:ATUSFGet Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 30,000 shares of the company’s stock, valued at approximately $413,000.

ATUSF has been the subject of a number of research analyst reports. Raymond James lifted their target price on Altius Minerals from C$21.00 to C$24.00 in a report on Friday, March 11th. Scotiabank boosted their price objective on Altius Minerals from C$25.00 to C$26.00 in a report on Wednesday. TD Securities boosted their price objective on Altius Minerals from C$22.00 to C$29.00 in a report on Monday, March 14th. Finally, Canaccord Genuity Group boosted their price objective on Altius Minerals from C$21.00 to C$27.00 and gave the company a “buy” rating in a report on Monday, March 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $25.00.

Shares of ATUSF opened at $19.40 on Friday. Altius Minerals has a 1 year low of $11.56 and a 1 year high of $20.35. The stock’s fifty day moving average price is $18.15 and its two-hundred day moving average price is $14.86.

The business also recently announced a dividend, which was paid on Thursday, March 31st. Investors of record on Friday, March 18th were paid a $0.0546 dividend. This represents a yield of 1.21%. The ex-dividend date of this dividend was Thursday, March 17th.

About Altius Minerals (Get Rating)

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. The company owns royalty and streaming interests in 12 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal.

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