Altius Minerals (TSE:ALS) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Altius Minerals (TSE:ALS) had its price target upped by Raymond James Financial from C$48.00 to C$52.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 0.78% from the company’s current price.

A number of other analysts have also issued reports on the stock. TD lowered shares of Altius Minerals from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$52.00 to C$54.00 in a research note on Friday, April 10th. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research note on Thursday, March 12th. National Bank Financial raised their price target on shares of Altius Minerals from C$55.00 to C$57.50 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$47.00 to C$51.00 in a research note on Monday, March 16th. Finally, TD Securities lowered shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Altius Minerals presently has a consensus rating of “Hold” and a consensus price target of C$48.36.

Altius Minerals Price Performance

ALS stock opened at C$51.60 on Wednesday. The company has a debt-to-equity ratio of 9.98, a quick ratio of 6.49 and a current ratio of 15.11. Altius Minerals has a 1 year low of C$25.72 and a 1 year high of C$53.46. The firm has a market cap of C$2.88 billion, a P/E ratio of 8.14 and a beta of 0.30. The stock has a 50-day simple moving average of C$47.53 and a 200-day simple moving average of C$42.79.

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

Insider Transactions at Altius Minerals

In other news, Director Andr� Gaumond purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average cost of C$41.69 per share, with a total value of C$41,690.00. Following the transaction, the director owned 78,351 shares in the company, valued at approximately C$3,266,453.19. The trade was a 1.29% increase in their position. Also, insider Mark Raguz purchased 1,160 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were purchased at an average cost of C$43.01 per share, for a total transaction of C$49,891.60. Following the completion of the transaction, the insider owned 20,253 shares in the company, valued at approximately C$871,081.53. This represents a 6.08% increase in their position. In the last 90 days, insiders purchased 7,760 shares of company stock worth $328,364. 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.