Shares of Altius Minerals Co. (TSE:ALS – Get Free Report) hit a new 52-week high on Thursday after Laurentian raised their price target on the stock from C$23.50 to C$23.75. The stock traded as high as C$22.50 and last traded at C$22.46, with a volume of 21007 shares. The stock had previously closed at C$21.81.
Other equities analysts also recently issued research reports about the stock. TD Securities increased their price target on shares of Altius Minerals from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Tuesday. Canaccord Genuity Group lifted their target price on Altius Minerals from C$24.00 to C$24.50 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Scotiabank cut their price objective on Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating on the stock in a report on Tuesday, February 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Altius Minerals currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.25.
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Altius Minerals Price Performance
Altius Minerals (TSE:ALS – Get Free Report) last released its quarterly earnings results on Monday, March 11th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Altius Minerals had a return on equity of 1.66% and a net margin of 13.83%. The firm had revenue of C$16.10 million for the quarter, compared to analysts’ expectations of C$18.85 million. On average, equities research analysts anticipate that Altius Minerals Co. will post 0.3739763 EPS for the current year.
Altius Minerals Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, March 15th. Altius Minerals’s dividend payout ratio (DPR) is 160.00%.
Altius Minerals Company Profile
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.
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