Altius Minerals (TSE:ALS) Raised to “Hold” at Scotiabank

Altius Minerals (TSE:ALS) was upgraded by equities research analysts at Scotiabank to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also issued reports on ALS. BMO Capital Markets boosted their price objective on Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. National Bank Financial raised their target price on Altius Minerals from C$62.50 to C$70.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Raymond James Financial lifted their target price on Altius Minerals from C$64.00 to C$66.00 in a report on Monday, July 13th. Canaccord Genuity Group upped their price target on Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday, May 12th. Finally, TD Securities cut Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$61.75.

Altius Minerals Stock Down 0.2%

Altius Minerals stock opened at C$58.36 on Thursday. The firm has a 50 day simple moving average of C$58.54 and a 200 day simple moving average of C$51.33. The company has a current ratio of 9.96, a quick ratio of 6.49 and a debt-to-equity ratio of 6.56. Altius Minerals has a 1-year low of C$28.33 and a 1-year high of C$66.05. The firm has a market capitalization of C$3.25 billion, a price-to-earnings ratio of 9.32 and a beta of 0.40.

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

Insider Activity at Altius Minerals

In other news, insider Stephanie Hussey purchased 1,700 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of C$50.96 per share, with a total value of C$86,632.00. Following the completion of the acquisition, the insider owned 18,521 shares in the company, valued at C$943,830.16. This trade represents a 10.11% increase in their position. 19.00% of the stock is owned by company 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.