TD Securities Forecasts Strong Price Appreciation for Altius Minerals (TSE:ALS) Stock

Altius Minerals (TSE:ALS) had its price target lifted by analysts at TD Securities from C$28.00 to C$31.00 in a report released on Wednesday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 13.51% from the company’s current price.

Several other equities analysts also recently weighed in on the company. BMO Capital Markets raised their price objective on Altius Minerals from C$23.00 to C$24.00 in a research note on Thursday, January 30th. Canaccord Genuity Group increased their price objective on shares of Altius Minerals from C$33.00 to C$35.00 in a research note on Monday.

Altius Minerals Stock Up 1.1 %

ALS stock opened at C$27.31 on Wednesday. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48. The company’s 50-day moving average price is C$25.04 and its 200 day moving average price is C$26.12. Altius Minerals has a 52 week low of C$20.60 and a 52 week high of C$29.03. The company has a market cap of C$1.26 billion, a P/E ratio of 92.43 and a beta of 0.94.

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.