Altius Minerals (TSE:ALS) Given a C$60.00 Price Target at TD

TD set a C$60.00 price target on Altius Minerals (TSE:ALS) in a research note published on Wednesday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other research firms have also recently issued reports on ALS. National Bank Financial lifted their price objective on Altius Minerals from C$62.50 to C$70.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Raymond James Financial increased their target price on Altius Minerals from C$64.00 to C$66.00 in a report on Monday, July 13th. BMO Capital Markets raised their target price on Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Scotiabank raised their target price on Altius Minerals from C$57.00 to C$58.00 and gave the company a “sector perform” rating in a research report on Monday, June 15th. Finally, Canaccord Genuity Group lifted their price target on Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Altius Minerals currently has a consensus rating of “Hold” and a consensus target price of C$61.75.

Altius Minerals Stock Performance

ALS opened at C$58.47 on Wednesday. The firm’s fifty day simple moving average is C$58.37 and its two-hundred day simple moving average is C$51.16. Altius Minerals has a 52-week low of C$27.58 and a 52-week high of C$66.05. The company has a market cap of C$3.26 billion, a price-to-earnings ratio of 9.34 and a beta of 0.40. The company has a quick ratio of 6.49, a current ratio of 9.96 and a debt-to-equity ratio of 6.56.

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

Insider Buying and Selling at Altius Minerals

In other Altius Minerals news, insider Stephanie Hussey purchased 1,700 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of C$50.96 per share, for a total transaction of C$86,632.00. Following the completion of the transaction, the insider owned 18,521 shares of the company’s stock, valued at C$943,830.16. The trade was a 10.11% increase in their position. Corporate insiders own 19.00% of the company’s stock.

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.