TD Securities Lowers Altius Minerals (TSE:ALS) Price Target to C$26.00

Altius Minerals (TSE:ALSGet Rating) had its price target decreased by stock analysts at TD Securities from C$31.00 to C$26.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 38.30% from the company’s current price.

Several other analysts also recently commented on the stock. BMO Capital Markets lifted their target price on shares of Altius Minerals from C$22.00 to C$23.00 in a report on Wednesday, April 20th. Raymond James lifted their target price on shares of Altius Minerals from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Wednesday, April 20th. Canaccord Genuity Group lifted their target price on shares of Altius Minerals from C$27.00 to C$28.00 in a report on Tuesday, April 19th. Cormark lifted their target price on shares of Altius Minerals from C$27.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, March 7th. Finally, Scotiabank reduced their target price on shares of Altius Minerals from C$26.00 to C$25.00 in a report on Thursday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$24.00.

Altius Minerals stock opened at C$18.80 on Thursday. The firm has a market capitalization of C$899.69 million and a PE ratio of 20.00. The company’s 50-day moving average is C$22.93 and its 200-day moving average is C$19.52. Altius Minerals has a fifty-two week low of C$14.92 and a fifty-two week high of C$25.71. The company has a debt-to-equity ratio of 21.94, a current ratio of 5.85 and a quick ratio of 5.85.

Altius Minerals (TSE:ALSGet Rating) last released its quarterly earnings data on Wednesday, March 9th. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The firm had revenue of C$23.46 million for the quarter, compared to the consensus estimate of C$21.70 million. As a group, analysts expect that Altius Minerals will post 0.7200001 EPS for the current year.

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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