Altius Minerals (TSE:ALS) Price Target Raised to C$51.00 at Canaccord Genuity Group

Altius Minerals (TSE:ALS) had its target price upped by Canaccord Genuity Group from C$47.00 to C$51.00 in a research report report published on Monday morning,BayStreet.CA reports.

Several other equities research analysts have also recently commented on the stock. Raymond James Financial raised their target price on shares of Altius Minerals from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Friday. National Bank Financial boosted their price target on shares of Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday, January 29th. TD Securities increased their price target on shares of Altius Minerals from C$39.00 to C$52.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Finally, Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$45.83.

Altius Minerals Price Performance

Shares of Altius Minerals stock opened at C$44.00 on Monday. The business has a 50 day moving average of C$45.25 and a 200 day moving average of C$39.54. Altius Minerals has a 52 week low of C$22.27 and a 52 week high of C$49.73. The company has a market cap of C$2.04 billion, a PE ratio of 5.75 and a beta of 0.33. The company has a quick ratio of 6.49, a current ratio of 15.11 and a debt-to-equity ratio of 9.98.

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

Insiders Place Their Bets

In other Altius Minerals news, insider Mark Raguz bought 1,160 shares of Altius Minerals stock in a transaction dated Friday, January 30th. The shares were purchased 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 of the company’s stock, valued at C$871,081.53. This represents a 6.08% increase in their ownership of the stock. Also, insider Flora Emily Mackay Wood purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was acquired at an average price of C$43.15 per share, with a total value of C$43,150.00. Following the completion of the purchase, the insider owned 13,370 shares in the company, valued at C$576,915.50. This represents a 8.08% increase in their ownership of the stock. 19.00% of the stock is currently owned by corporate 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.