Altius Minerals (TSE:ALS) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Altius Minerals Co. (TSE:ALS)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$26.14 and traded as low as C$23.90. Altius Minerals shares last traded at C$24.38, with a volume of 59,458 shares trading hands.

Analyst Ratings Changes

ALS has been the topic of several analyst reports. TD Securities decreased their price target on shares of Altius Minerals from C$32.00 to C$31.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. BMO Capital Markets raised their target price on shares of Altius Minerals from C$23.00 to C$24.00 in a research report on Thursday, January 30th. Finally, Scotiabank raised shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$27.00 to C$33.00 in a research note on Monday, December 23rd.

Altius Minerals Price Performance

The company’s 50-day moving average is C$25.21 and its 200-day moving average is C$26.14. The firm has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 82.52 and a beta of 0.94. The company has a debt-to-equity ratio of 19.48, a current ratio of 8.36 and a quick ratio of 6.49.

About Altius Minerals

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.