Altius Minerals (TSE:ALS) Insider Purchases C$49,891.60 in Stock

Altius Minerals Co. (TSE:ALS) insider Mark Raguz purchased 1,160 shares of the stock in a transaction on Friday, January 30th. The shares were acquired at an average cost of C$43.01 per share, with a total value of C$49,891.60. Following the transaction, the insider directly owned 20,253 shares in the company, valued at C$871,081.53. The trade was a 6.08% increase in their ownership of the stock.

Altius Minerals Trading Down 6.4%

TSE ALS opened at C$43.10 on Monday. The stock has a market cap of C$1.99 billion, a P/E ratio of 5.63 and a beta of 0.20. Altius Minerals Co. has a fifty-two week low of C$22.27 and a fifty-two week high of C$48.54. The stock has a 50 day simple moving average of C$42.02 and a two-hundred day simple moving average of C$36.00. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36.

Analyst Ratings Changes

ALS has been the topic of a number of research reports. TD Securities lifted their target price on shares of Altius Minerals from C$34.00 to C$39.00 in a research note on Tuesday, October 21st. Canaccord Genuity Group lifted their price objective on Altius Minerals from C$38.00 to C$40.00 in a research report on Friday, October 17th. National Bankshares increased their target price on Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday. Raymond James Financial cut Altius Minerals from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$9.00 to C$9.50 in a research note on Tuesday, December 30th. Finally, BMO Capital Markets raised their price objective on Altius Minerals from C$34.00 to C$35.00 in a research report on Wednesday, November 12th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$35.42.

Altius Minerals Company Profile

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.