TD Securities Boosts Altius Minerals (TSE:ALS) Price Target to C$39.00

Altius Minerals (TSE:ALS) had its price target hoisted by stock analysts at TD Securities from C$34.00 to C$39.00 in a note issued to investors on Tuesday,BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 9.92% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. Raymond James Financial upped their target price on Altius Minerals from C$36.00 to C$37.00 in a research report on Friday, October 10th. Canaccord Genuity Group upped their target price on Altius Minerals from C$38.00 to C$40.00 in a research report on Friday, October 17th. Finally, National Bankshares upped their target price 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, According to data from MarketBeat.com, Altius Minerals presently has a consensus rating of “Buy” and an average target price of C$34.83.

Altius Minerals Trading Up 1.7%

Shares of TSE ALS opened at C$35.48 on Tuesday. The stock has a market cap of C$1.64 billion, a price-to-earnings ratio of 17.06 and a beta of 0.26. The business has a 50 day simple moving average of C$31.66 and a 200 day simple moving average of C$28.58. Altius Minerals has a 52 week low of C$22.27 and a 52 week high of C$35.88. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36.

Insider Transactions at Altius Minerals

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