Altius Minerals (TSE:ALS) Upgraded to “Outperform” at Scotiabank

Scotiabank upgraded shares of Altius Minerals (TSE:ALS) from a sector perform rating to an outperform rating in a report released on Monday,BayStreet.CA reports. Scotiabank currently has C$33.00 price objective on the stock, up from their prior price objective of C$27.00.

Other analysts have also issued research reports about the stock. National Bankshares raised their target price on shares of Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Canaccord Genuity Group boosted their price objective on Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

Altius Minerals Trading Up 3.5 %

ALS opened at C$26.90 on Monday. The company has a market cap of C$1.25 billion, a P/E ratio of 86.77 and a beta of 0.94. The company has a current ratio of 11.30, a quick ratio of 6.49 and a debt-to-equity ratio of 17.84. The company’s 50 day moving average is C$26.21 and its 200-day moving average is C$24.16. Altius Minerals has a 1-year low of C$16.11 and a 1-year high of C$27.43.

Altius Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.34%. Altius Minerals’s dividend payout ratio (DPR) is presently 116.13%.

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.