Brian Dalton Acquires 1,600 Shares of Altius Minerals (TSE:ALS) Stock

Altius Minerals Co. (TSE:ALS) Director Brian Dalton purchased 1,600 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of C$41.32 per share, for a total transaction of C$66,112.00. Following the completion of the purchase, the director directly owned 829,956 shares in the company, valued at C$34,293,781.92. This represents a 0.19% increase in their ownership of the stock.

Brian Dalton also recently made the following trade(s):

• On Tuesday, March 17th, Brian Dalton purchased 2,000 shares of Altius Minerals stock. The stock was bought at an average cost of C$43.66 per share, with a total value of C$87,320.00.

Altius Minerals Stock Performance

Shares of ALS stock opened at C$52.43 on Monday. The stock’s 50-day moving average is C$45.59 and its two-hundred day moving average is C$41.10. The firm has a market cap of C$2.93 billion, a price-to-earnings ratio of 8.27 and a beta of 0.30. Altius Minerals Co. has a 1 year low of C$22.27 and a 1 year high of C$52.59. 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 (TSE:ALS) last posted 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%. Analysts predict that Altius Minerals Co. will post 0.3509869 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ALS. Raymond James Financial raised their target price on shares of Altius Minerals from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. National Bank Financial increased their price target on shares of Altius Minerals from C$45.50 to C$52.00 in a research note on Thursday, January 29th. TD Securities raised their price objective on shares of Altius Minerals from C$39.00 to C$52.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Canaccord Genuity Group lifted their price objective on shares of Altius Minerals from C$47.00 to C$51.00 in a research note on Monday, March 16th. Finally, Scotiabank raised shares of Altius Minerals to a “hold” rating in a report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$45.83.

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.