Altius Minerals Co. (TSE:ALS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Altius Minerals Co. (TSE:ALSGet Rating) have been given an average rating of “Buy” by the nine brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$24.00.

Several equities analysts recently commented on the stock. Scotiabank reduced their target price on shares of Altius Minerals from C$26.00 to C$25.00 in a report on Thursday, May 12th. Raymond James increased their price target on shares of Altius Minerals from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, April 20th. TD Securities dropped their target price on shares of Altius Minerals from C$31.00 to C$26.00 and set a “buy” rating for the company in a research report on Thursday, May 12th. Canaccord Genuity Group raised their target price on shares of Altius Minerals from C$27.00 to C$28.00 in a research report on Tuesday, April 19th. Finally, BMO Capital Markets raised their target price on shares of Altius Minerals from C$22.00 to C$23.00 in a research report on Wednesday, April 20th.

Shares of TSE:ALS opened at C$19.61 on Friday. The company’s fifty day moving average price is C$22.47 and its 200-day moving average price is C$19.63. The firm has a market capitalization of C$938.46 million and a price-to-earnings ratio of 20.86. Altius Minerals has a one year low of C$14.92 and a one year 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 earnings results on Wednesday, March 9th. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The company had revenue of C$23.46 million for the quarter, compared to the consensus estimate of C$21.70 million. As a group, equities research analysts expect that Altius Minerals will post 0.7200001 EPS for the current year.

Altius Minerals Company Profile (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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Analyst Recommendations for Altius Minerals (TSE:ALS)

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