Altius Minerals (TSE:ALS – Get Rating) had its price target increased by research analysts at BMO Capital Markets from C$22.00 to C$23.00 in a note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential downside of 7.48% from the company’s current price.
Several other equities research analysts have also recently commented on the company. Scotiabank upped their price target on Altius Minerals from C$25.00 to C$26.00 in a research note on Wednesday, April 13th. Canaccord Genuity Group raised their target price on shares of Altius Minerals from C$27.00 to C$28.00 in a research note on Tuesday. TD Securities boosted their price target on shares of Altius Minerals from C$22.00 to C$29.00 and gave the stock a “buy” rating in a research note on Monday, March 14th. Cormark raised their price objective on shares of Altius Minerals from C$27.00 to C$30.00 and gave the company an “outperform” rating in a research report on Monday, March 7th. Finally, Raymond James boosted their target price on Altius Minerals from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Altius Minerals has an average rating of “Hold” and an average price target of C$24.44.
TSE ALS traded down C$0.27 during trading on Wednesday, reaching C$24.86. The company’s stock had a trading volume of 49,201 shares, compared to its average volume of 154,430. The business’s fifty day moving average price is C$23.19 and its 200-day moving average price is C$18.89. Altius Minerals has a twelve month low of C$14.92 and a twelve month high of C$25.71. The company has a debt-to-equity ratio of 21.94, a quick ratio of 5.85 and a current ratio of 5.85. The firm has a market cap of C$1.19 billion and a price-to-earnings ratio of 26.45.
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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