Altius Minerals (TSE:ALS) Price Target Raised to C$60.00

Altius Minerals (TSE:ALS) had its price objective boosted by TD from C$55.00 to C$60.00 in a report released on Tuesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other research analysts also recently issued reports on ALS. ATB Cormark Capital Markets lifted their price objective on Altius Minerals from C$68.00 to C$79.00 in a research report on Tuesday. National Bank Financial increased their target price on Altius Minerals from C$57.50 to C$62.50 and gave the company an “outperform” rating in a report on Wednesday, May 13th. TD Securities downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Canaccord Genuity Group raised their price target on Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday, May 12th. Finally, BMO Capital Markets boosted their price target on Altius Minerals from C$44.00 to C$49.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$61.75.

Altius Minerals Stock Performance

TSE:ALS opened at C$57.46 on Tuesday. The company has a current ratio of 9.96, a quick ratio of 6.49 and a debt-to-equity ratio of 6.56. The firm has a 50-day moving average price of C$58.22 and a two-hundred day moving average price of C$50.69. Altius Minerals has a twelve month low of C$27.16 and a twelve month high of C$66.05. The company has a market capitalization of C$3.20 billion, a P/E ratio of 9.18 and a beta of 0.40.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.11 earnings per share (EPS) for the quarter. The company had revenue of C$22.17 million for the quarter. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. As a group, research analysts expect that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Insider Transactions at Altius Minerals

In other Altius Minerals news, insider Stephanie Hussey purchased 1,700 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the purchase, the insider owned 18,521 shares in the company, valued at approximately C$943,830.16. This represents a 10.11% increase in their ownership of the stock. 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.