National Bank Financial Boosts Altius Minerals (TSE:ALS) Price Target to C$57.50

Altius Minerals (TSE:ALS) had its price target hoisted by investment analysts at National Bank Financial from C$55.00 to C$57.50 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 11.48% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. TD Securities downgraded shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Raymond James Financial increased 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 report on Friday, March 13th. Canaccord Genuity Group increased their target price on shares of Altius Minerals from C$47.00 to C$51.00 in a report on Monday, March 16th. TD cut shares of Altius Minerals from a “buy” rating to a “hold” rating and increased their target price for the stock from C$52.00 to C$54.00 in a report on Friday, April 10th. Finally, Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$47.79.

Altius Minerals Trading Down 1.1%

ALS stock opened at C$51.58 on Wednesday. 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 has a twelve month low of C$23.72 and a twelve month high of C$53.46. The stock has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 8.14 and a beta of 0.30. The firm’s fifty day simple moving average is C$46.81 and its two-hundred day simple moving average is C$42.18.

Altius Minerals (TSE:ALS) last posted its quarterly earnings data 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, analysts anticipate that Altius Minerals will post 0.3509869 earnings per share for the current year.

Insider Activity

In other news, insider Flora Emily Mackay Wood purchased 1,000 shares of the stock in a transaction dated Friday, January 30th. The shares were 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 owned 13,370 shares of the company’s stock, valued at approximately C$576,915.50. This represents a 8.08% increase in their ownership of the stock. Also, insider Mark Raguz acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average cost of C$40.20 per share, with a total value of C$40,200.00. Following the completion of the transaction, the insider directly owned 21,253 shares in the company, valued at C$854,370.60. The trade was a 4.94% increase in their ownership of the stock. Insiders have acquired a total of 7,760 shares of company stock valued at $328,364 over the last 90 days. 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.