TD Downgrades Altius Minerals (TSE:ALS) to Hold

Altius Minerals (TSE:ALS) was downgraded by analysts at TD from a “buy” rating to a “hold” rating in a research note issued on Friday,BayStreet.CA reports. They currently have a C$54.00 target price on the stock, up from their previous target price of C$52.00. TD’s target price would indicate a potential upside of 4.59% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Raymond James Financial raised their price target on shares of Altius Minerals from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Scotiabank raised shares of Altius Minerals to a “hold” rating in a research note on Thursday, March 12th. Canaccord Genuity Group raised their price target on shares of Altius Minerals from C$47.00 to C$51.00 in a research note on Monday, March 16th. TD Securities raised their price target on shares of Altius Minerals from C$39.00 to C$52.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, National Bank Financial raised their price target on shares of Altius Minerals from C$45.50 to C$52.00 in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$47.00.

Altius Minerals Price Performance

TSE:ALS opened at C$51.63 on Friday. Altius Minerals has a one year low of C$23.26 and a one year high of C$53.46. 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$2.89 billion, a price-to-earnings ratio of 8.14 and a beta of 0.30. The firm’s fifty day moving average is C$46.17 and its two-hundred day moving average is C$41.72.

Altius Minerals (TSE:ALS) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C$0.24 EPS for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. The company had revenue of C$14.06 million for the quarter. Research analysts expect that Altius Minerals will post 0.3509869 EPS for the current year.

Insider Activity

In related news, Director Andr� Gaumond bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of C$41.69 per share, for a total transaction of C$41,690.00. Following the acquisition, the director owned 78,351 shares of the company’s stock, valued at approximately C$3,266,453.19. This trade represents a 1.29% increase in their ownership of the stock. Also, insider Flora Emily Mackay Wood bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average price of C$43.15 per share, with a total value of C$43,150.00. Following the acquisition, the insider directly owned 13,370 shares in the company, valued at C$576,915.50. The trade was a 8.08% increase in their position. Insiders have acquired 7,760 shares of company stock worth $328,364 over the last quarter. 19.00% of the stock is currently owned by corporate insiders.

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.