TD Securities Downgrades Altius Minerals (TSE:ALS) to Hold

Altius Minerals (TSE:ALS) was downgraded by investment analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other research analysts also recently weighed in on ALS. TD downgraded Altius Minerals from a “buy” rating to a “hold” rating and raised their price target for the company from C$52.00 to C$54.00 in a research note on Friday. Canaccord Genuity Group raised their price target on Altius Minerals from C$47.00 to C$51.00 in a research note on Monday, March 16th. Scotiabank upgraded Altius Minerals to a “hold” rating in a research note on Thursday, March 12th. National Bank Financial raised their price target on Altius Minerals from C$45.50 to C$52.00 in a research note on Thursday, January 29th. Finally, Raymond James Financial raised their price target on 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. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$47.00.

Altius Minerals Stock Up 0.2%

ALS stock opened at C$51.63 on Friday. The company has a quick ratio of 6.49, a current ratio of 15.11 and a debt-to-equity ratio of 9.98. The business has a 50 day moving average price of C$46.17 and a two-hundred day moving average price of C$41.72. The company has a market cap of C$2.89 billion, a price-to-earnings ratio of 8.14 and a beta of 0.30. Altius Minerals has a twelve month low of C$23.26 and a twelve month high of C$53.46.

Altius Minerals (TSE:ALS) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$14.06 million during the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%. Analysts anticipate that Altius Minerals will post 0.3509869 EPS for the current fiscal 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 stock was bought at an average cost of C$43.01 per share, for a total transaction of C$49,891.60. Following the purchase, the insider owned 20,253 shares of the company’s stock, valued at C$871,081.53. The trade was a 6.08% increase in their position. Also, Director Brian Dalton bought 2,000 shares of Altius Minerals stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of C$43.66 per share, with a total value of C$87,320.00. Following the completion of the purchase, the director directly owned 828,356 shares in the company, valued at C$36,166,022.96. This trade represents a 0.24% increase in their position. Over the last quarter, insiders have purchased 7,760 shares of company stock valued at $328,364. 19.00% of the stock is owned by 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.