Andr� Gaumond Buys 1,000 Shares of Altius Minerals (TSE:ALS) Stock

Altius Minerals Co. (TSE:ALS) Director Andr� Gaumond acquired 1,000 shares of the stock in a transaction on Thursday, March 19th. The shares were acquired at an average price of C$41.69 per share, with a total value of C$41,690.00. Following the transaction, the director directly owned 78,351 shares of the company’s stock, valued at C$3,266,453.19. The trade was a 1.29% increase in their ownership of the stock.

Altius Minerals Stock Performance

Altius Minerals stock opened at C$52.43 on Monday. The company’s 50-day moving average price is C$45.59 and its 200-day moving average price is C$41.10. Altius Minerals Co. has a twelve month low of C$22.27 and a twelve month high of C$52.59. The company has a quick ratio of 6.49, a current ratio of 15.11 and a debt-to-equity ratio of 9.98. The company has a market cap of C$2.93 billion, a PE ratio of 8.27 and a beta of 0.30.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$0.24 EPS for the quarter. The firm had revenue of C$14.06 million during the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. On average, equities research analysts forecast that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ALS shares. Raymond James Financial lifted their target price on Altius Minerals from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. National Bank Financial raised their price target on Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday, January 29th. 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. TD Securities boosted their price objective on shares of Altius Minerals from C$39.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, Scotiabank raised shares of Altius Minerals to a “hold” rating in a research note on Thursday, March 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average 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.