Insider Buying: Altius Minerals (TSE:ALS) Insider Buys C$43,150.00 in Stock

Altius Minerals Co. (TSE:ALS) insider Flora Emily Mackay Wood purchased 1,000 shares of Altius Minerals stock in a transaction dated Friday, January 30th. The stock was bought at an average cost of C$43.15 per share, with a total value of C$43,150.00. Following the completion of the transaction, the insider owned 13,370 shares in the company, valued at approximately C$576,915.50. This represents a 8.08% increase in their position.

Altius Minerals Price Performance

Shares of ALS stock opened at C$43.10 on Monday. The stock’s 50-day moving average is C$42.02 and its 200 day moving average is C$36.00. Altius Minerals Co. has a 1-year low of C$22.27 and a 1-year high of C$48.54. The company has a debt-to-equity ratio of 19.48, a current ratio of 8.36 and a quick ratio of 6.49. The company has a market cap of C$1.99 billion, a P/E ratio of 5.63 and a beta of 0.20.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ALS shares. Raymond James Financial downgraded shares of Altius Minerals from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from C$9.00 to C$9.50 in a research report on Tuesday, December 30th. BMO Capital Markets lifted their price target on shares of Altius Minerals from C$34.00 to C$35.00 in a report on Wednesday, November 12th. Canaccord Genuity Group increased their price objective on Altius Minerals from C$38.00 to C$40.00 in a report on Friday, October 17th. National Bankshares raised their price objective on Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday. Finally, Scotiabank downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$35.42.

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.