Altius Minerals (TSE:ALS) Lowered to “Market Perform” Rating by Raymond James Financial

Raymond James Financial lowered shares of Altius Minerals (TSE:ALS) from an outperform rating to a market perform rating in a report released on Tuesday,BayStreet.CA reports. Raymond James Financial currently has C$9.50 price target on the stock, up from their previous price target of C$9.00.

A number of other research analysts also recently issued reports on the company. Canaccord Genuity Group lifted their price target on Altius Minerals from C$38.00 to C$40.00 in a report on Friday, October 17th. BMO Capital Markets upped their target price on Altius Minerals from C$34.00 to C$35.00 in a research report on Wednesday, November 12th. TD Securities increased their price objective on shares of Altius Minerals from C$34.00 to C$39.00 in a research report on Tuesday, October 21st. Finally, Scotiabank downgraded shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Altius Minerals has a consensus rating of “Moderate Buy” and a consensus price target of C$32.75.

Altius Minerals Stock Down 1.6%

Shares of TSE ALS opened at C$40.80 on Tuesday. Altius Minerals has a 52-week low of C$22.27 and a 52-week high of C$44.44. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36. The stock has a 50 day moving average price of C$39.15 and a 200 day moving average price of C$33.17. The firm has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 5.33 and a beta of 0.18.

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. It is engaged in the operating segments of MineralRoyalties, Renewable Royalties and Project Generation.