TD Securities Issues Positive Forecast for Altius Minerals (TSE:ALS) Stock Price

Altius Minerals (TSE:ALS) had its target price hoisted by TD Securities from C$39.00 to C$52.00 in a report issued on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. National Bank Financial raised their price objective on shares of Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday, January 29th. Raymond James Financial lowered shares of Altius Minerals from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$9.00 to C$9.50 in a research report on Tuesday, December 30th. BMO Capital Markets raised their price target on shares of Altius Minerals from C$34.00 to C$35.00 in a report on Wednesday, November 12th. Finally, Scotiabank cut shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$37.58.

Altius Minerals Price Performance

Altius Minerals stock opened at C$44.64 on Thursday. The business’s fifty day moving average is C$45.19 and its two-hundred day moving average is C$39.19. The company has a debt-to-equity ratio of 9.98, a quick ratio of 6.49 and a current ratio of 15.11. The firm has a market cap of C$2.07 billion, a P/E ratio of 5.84 and a beta of 0.33. Altius Minerals has a 52 week low of C$22.27 and a 52 week high of C$49.73.

Altius Minerals (TSE:ALS) last announced its earnings results on Tuesday, March 10th. The company reported C$0.24 earnings per share for the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%.The company had revenue of C$14.06 million during the quarter. Equities research analysts forecast that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Insider Transactions at Altius Minerals

In related news, insider Flora Emily Mackay Wood bought 1,000 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was bought at an average cost of C$43.15 per share, for a total transaction of C$43,150.00. Following the transaction, the insider owned 13,370 shares of the company’s stock, valued at C$576,915.50. This represents a 8.08% increase in their ownership of the stock. Also, insider Mark Raguz purchased 1,160 shares of the stock in a transaction dated Friday, January 30th. The stock was bought at an average cost of C$43.01 per share, with a total value of C$49,891.60. Following the completion of the purchase, the insider 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. 19.00% of the stock is currently owned by company insiders.

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.