Altius Minerals (TSE:ALS) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Altius Minerals (TSE:ALS) had its target price lifted by analysts at Raymond James Financial from C$36.00 to C$37.00 in a research note issued on Friday,BayStreet.CA reports. Raymond James Financial’s price target suggests a potential upside of 14.34% from the stock’s current price.

Several other research firms have also recently issued reports on ALS. TD Securities upped their price objective on Altius Minerals from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. National Bankshares upped their price objective on Altius Minerals from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Altius Minerals presently has a consensus rating of “Buy” and an average target price of C$33.17.

Altius Minerals Trading Down 0.6%

ALS opened at C$32.36 on Friday. The business has a fifty day moving average price of C$30.90 and a 200 day moving average price of C$28.06. The stock has a market capitalization of C$1.50 billion, a price-to-earnings ratio of 15.56 and a beta of 0.26. Altius Minerals has a 12 month low of C$22.27 and a 12 month high of C$34.30. The company has a debt-to-equity ratio of 19.48, a current ratio of 8.36 and a quick ratio of 6.49.

Insider Activity

In other news, Senior Officer Mark Raguz bought 1,400 shares of Altius Minerals stock in a transaction dated Friday, July 25th. The stock was acquired at an average cost of C$28.41 per share, with a total value of C$39,778.20. Also, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of C$29.10, for a total value of C$88,289.40. 19.00% of the stock is currently owned by insiders.

Altius Minerals Company Profile

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.