Altius Minerals Co. (TSE:ALS) Receives C$22.64 Consensus Target Price from Brokerages

Shares of Altius Minerals Co. (TSE:ALS) have earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$22.71.

ALS has been the subject of a number of recent research reports. Scotiabank lowered their price objective on Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating for the company in a research note on Tuesday, February 6th. National Bankshares lowered their price objective on Altius Minerals from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. Canaccord Genuity Group upped their price objective on Altius Minerals from C$24.00 to C$24.50 and gave the stock a “buy” rating in a research note on Monday. Finally, TD Securities upgraded Altius Minerals from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$22.00 to C$23.00 in a research note on Tuesday, March 12th.

Altius Minerals Price Performance

Shares of TSE ALS opened at C$20.97 on Monday. The company has a market capitalization of C$981.61 million, a price-to-earnings ratio of 104.85 and a beta of 0.93. The business has a 50 day simple moving average of C$19.64 and a 200-day simple moving average of C$19.14. The company has a current ratio of 11.23, a quick ratio of 6.49 and a debt-to-equity ratio of 18.38. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$22.40.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Monday, March 11th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The company had revenue of C$16.10 million for the quarter, compared to the consensus estimate of C$18.85 million. Altius Minerals had a return on equity of 1.66% and a net margin of 13.83%. As a group, equities research analysts expect that Altius Minerals will post 0.3739763 earnings per share for the current year.

Altius Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.53%. Altius Minerals’s dividend payout ratio (DPR) is presently 160.00%.

About Altius Minerals

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 11 operating mines covering copper, zinc, nickel, cobalt, potash, iron ore, precious metals, and thermal and metallurgical coal.