Altius Minerals Co. (ALS.TO) (TSE:ALS) had its price objective trimmed by Scotiabank from C$13.00 to C$12.50 in a research report released on Wednesday morning, BayStreet.CA reports.

A number of other brokerages also recently weighed in on ALS. Laurentian decreased their price objective on shares of Altius Minerals Co. (ALS.TO) from C$16.25 to C$15.75 in a research report on Tuesday, September 29th. Cormark upped their price target on shares of Altius Minerals Co. (ALS.TO) from C$17.00 to C$19.00 in a research report on Monday, August 10th. Laurentian Bank of Canada (LB.TO) reduced their price target on shares of Altius Minerals Co. (ALS.TO) from C$16.25 to C$15.75 in a research report on Tuesday, September 29th. TD Securities reduced their price target on shares of Altius Minerals Co. (ALS.TO) from C$16.50 to C$14.50 and set a buy rating for the company in a research report on Thursday, November 12th. Finally, Raymond James set a C$14.50 price target on shares of Altius Minerals Co. (ALS.TO) and gave the stock an outperform rating in a research report on Friday, November 13th.

Shares of Altius Minerals Co. (ALS.TO) stock opened at C$11.14 on Wednesday. The firm has a 50-day simple moving average of C$10.78 and a two-hundred day simple moving average of C$10.44. The company has a market cap of $461.91 million and a P/E ratio of -15.34. Altius Minerals Co. has a fifty-two week low of C$6.29 and a fifty-two week high of C$12.32. The company has a debt-to-equity ratio of 40.48, a quick ratio of 0.98 and a current ratio of 1.02.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a $0.05 dividend. This is an increase from Altius Minerals Co. (ALS.TO)’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, November 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.80%. Altius Minerals Co. (ALS.TO)’s dividend payout ratio is presently -27.55%.

About Altius Minerals Co. (ALS.TO)

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada and Brazil. The company owns royalty and streaming interests in 15 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal; development stage royalties in renewable energy; and various pre-development stage royalty interests in mineral commodities.

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