Altius Minerals (TSE:ALS) Price Target Raised to C$37.00 at Scotiabank

Altius Minerals (TSE:ALS) had its price target increased by Scotiabank from C$36.00 to C$37.00 in a report published on Tuesday morning,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on ALS. TD Securities raised their price target on shares of Altius Minerals from C$34.00 to C$39.00 in a research note on Tuesday, October 21st. Canaccord Genuity Group raised their price target on shares of Altius Minerals from C$38.00 to C$40.00 in a research note on Friday, October 17th. Raymond James Financial raised their target price on shares of Altius Minerals from C$36.00 to C$37.00 in a research note on Friday, October 10th. Finally, National Bankshares raised their target price on shares of Altius Minerals from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$35.50.

Altius Minerals Price Performance

Shares of ALS opened at C$36.72 on Tuesday. The stock has a market capitalization of C$1.70 billion, a P/E ratio of 17.65 and a beta of 0.26. Altius Minerals has a twelve month low of C$22.27 and a twelve month high of C$36.76. The company has a 50 day moving average of C$32.24 and a 200-day moving average of C$29.02. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48.

Altius Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.10 per share. This is an increase from Altius Minerals’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.1%. Altius Minerals’s dividend payout ratio (DPR) is currently 17.31%.

Insider Transactions at Altius Minerals

In other news, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of Altius Minerals stock in a transaction on Friday, August 1st. The stock was sold at an average price of C$29.10, for a total transaction of C$88,289.40. 19.00% of the stock is owned by corporate 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.