BMO Capital Markets Raises Altius Minerals (TSE:ALS) Price Target to C$35.00

Altius Minerals (TSE:ALS) had its target price increased by equities research analysts at BMO Capital Markets from C$34.00 to C$35.00 in a research note issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential downside of 19.95% from the company’s previous close.

Several other equities research analysts have also commented on ALS. Canaccord Genuity Group boosted their price objective on Altius Minerals from C$38.00 to C$40.00 in a research note on Friday, October 17th. Scotiabank lifted their price target on Altius Minerals from C$36.00 to C$37.00 in a research note on Tuesday, October 28th. Raymond James Financial boosted their price target on Altius Minerals from C$36.00 to C$37.00 in a research report on Friday, October 10th. National Bankshares lifted their target price on shares of Altius Minerals from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Finally, TD Securities upped their target price on shares of Altius Minerals from C$34.00 to C$39.00 in a report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$37.83.

Altius Minerals Stock Up 2.9%

ALS stock opened at C$43.72 on Wednesday. Altius Minerals has a 52 week low of C$22.27 and a 52 week high of C$44.44. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. The firm has a 50-day simple moving average of C$34.48 and a 200-day simple moving average of C$30.14. The stock has a market capitalization of C$2.02 billion, a P/E ratio of 5.72 and a beta of 0.17.

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.