Altius Minerals Co. (TSE:ALS) shares reached a new 52-week high on Tuesday . The stock traded as high as C$15.06 and last traded at C$14.95, with a volume of 64028 shares. The stock had previously closed at C$14.75.

Several research analysts have recently weighed in on the stock. Raymond James Financial boosted their price objective on shares of Altius Minerals from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Scotiabank boosted their price objective on shares of Altius Minerals from C$14.50 to C$15.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 14th. Finally, TD Securities boosted their price objective on shares of Altius Minerals from C$16.50 to C$17.00 and gave the stock a “buy” rating in a research note on Friday, September 15th.

The firm has a market cap of $645.65, a P/E ratio of -11.41 and a beta of 0.68.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, January 4th. This is a positive change from Altius Minerals’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 1.07%. Altius Minerals’s payout ratio is currently -9.16%.

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About Altius Minerals

Altius Minerals Corporation is a mining royalty and mineral project generation company. The Company is engaged in the generation and acquisition of mineral resource projects, royalties and investments. The royalty interests cover mining operations producing copper, zinc, nickel, cobalt, precious metals, potash, and thermal (electrical) and metallurgical coal.

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