Altius Minerals Co. (TSE:ALS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Altius Minerals Co. (TSE:ALSGet Free Report) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$25.28.

A number of research firms have recently issued reports on ALS. National Bankshares boosted their price target on shares of Altius Minerals from C$25.00 to C$26.00 in a research note on Friday, May 10th. Scotiabank boosted their price target on shares of Altius Minerals from C$22.00 to C$23.00 in a research note on Thursday, May 30th. Cormark boosted their price target on shares of Altius Minerals from C$30.00 to C$32.00 in a research note on Friday, May 10th. Laurentian boosted their price target on shares of Altius Minerals from C$23.50 to C$23.75 in a research note on Thursday, May 9th. Finally, TD Securities boosted their price target on shares of Altius Minerals from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th.

Read Our Latest Analysis on Altius Minerals

Altius Minerals Stock Performance

ALS opened at C$22.03 on Tuesday. The firm has a market capitalization of C$1.02 billion, a PE ratio of 115.95 and a beta of 0.95. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$22.70. The firm’s 50-day moving average price is C$21.58 and its 200 day moving average price is C$19.61. The company has a current ratio of 10.95, a quick ratio of 6.49 and a debt-to-equity ratio of 18.39.

Altius Minerals (TSE:ALSGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported C$0.10 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.03. The company had revenue of C$17.49 million for the quarter, compared to analyst estimates of C$17.55 million. Altius Minerals had a net margin of 15.28% and a return on equity of 1.50%. As a group, sell-side analysts expect that Altius Minerals will post 0.2895618 EPS for the current fiscal year.

Altius Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.36 dividend on an annualized basis and a yield of 1.63%. This is a boost from Altius Minerals’s previous quarterly dividend of $0.08. Altius Minerals’s dividend payout ratio is currently 189.47%.

About Altius Minerals

(Get Free Report

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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Analyst Recommendations for Altius Minerals (TSE:ALS)

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