Altius Minerals (TSE:ALS) Reaches New 12-Month High – Should You Buy?

Shares of Altius Minerals Co. (TSE:ALS) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$52.88 and last traded at C$51.99, with a volume of 118832 shares traded. The stock had previously closed at C$52.43.

Analyst Upgrades and Downgrades

ALS has been the topic of several research analyst reports. National Bank Financial increased their price target on shares of Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday, January 29th. Raymond James Financial increased their price target 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, March 13th. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research note on Thursday, March 12th. TD Securities raised 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 report on Thursday, March 12th. Finally, Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$47.00 to C$51.00 in a report on Monday, March 16th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$45.83.

Altius Minerals Stock Down 0.8%

The company has a debt-to-equity ratio of 9.98, a current ratio of 15.11 and a quick ratio of 6.49. The stock’s fifty day simple moving average is C$45.71 and its 200-day simple moving average is C$41.24. The stock has a market cap of C$2.91 billion, a P/E ratio of 8.20 and a beta of 0.30.

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

Insider Buying and Selling at Altius Minerals

In other Altius Minerals news, insider Mark Raguz bought 1,160 shares of the business’s stock in a transaction on Friday, January 30th. The shares were purchased at an average price of C$43.01 per share, with a total value of C$49,891.60. Following the completion of the acquisition, the insider directly owned 20,253 shares of the company’s stock, valued at approximately C$871,081.53. The trade was a 6.08% increase in their position. Also, insider Flora Emily Mackay Wood bought 1,000 shares of the business’s stock in a transaction on Friday, January 30th. The stock was acquired at an average cost of C$43.15 per share, for a total transaction of C$43,150.00. Following the acquisition, the insider directly owned 13,370 shares of the company’s stock, valued at C$576,915.50. The trade was a 8.08% increase in their ownership of the stock. Over the last three months, insiders bought 7,760 shares of company stock worth $328,364. Insiders own 19.00% of the company’s stock.

About Altius Minerals

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.