Altius Minerals (TSE:ALS) Price Target Raised to C$70.00

Altius Minerals (TSE:ALS) had its target price raised by National Bank Financial from C$62.50 to C$70.00 in a research report report published on Tuesday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

ALS has been the topic of a number of other research reports. Raymond James Financial raised their price objective on shares of Altius Minerals from C$64.00 to C$66.00 in a research note on Monday. ATB Cormark Capital Markets upped their target price on Altius Minerals from C$68.00 to C$79.00 in a research report on Tuesday. BMO Capital Markets increased their price target 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. TD Securities cut Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, TD boosted their price objective on Altius Minerals from C$55.00 to C$60.00 and gave the stock a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$61.75.

Altius Minerals Stock Performance

Shares of ALS stock opened at C$57.46 on Tuesday. The company has a market cap of C$3.20 billion, a P/E ratio of 9.18 and a beta of 0.40. The business has a 50 day moving average of C$58.22 and a two-hundred day moving average of C$50.69. Altius Minerals has a 52 week low of C$27.16 and a 52 week high of C$66.05. 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 announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. The company had revenue of C$22.17 million for the quarter. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. As a group, analysts anticipate that Altius Minerals will post 0.3509869 EPS for the current year.

Insiders Place Their Bets

In other Altius Minerals news, insider Stephanie Hussey purchased 1,700 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price 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 in the company, valued at C$943,830.16. This represents a 10.11% increase in their position. Insiders own 19.00% of the company’s stock.

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.