Altius Minerals Co. (TSE:ALS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Altius Minerals Co. (TSE:ALSGet Rating) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$24.00.

A number of equities research analysts recently weighed in on ALS shares. Raymond James lifted their target price on Altius Minerals from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 20th. TD Securities decreased their price objective on Altius Minerals from C$31.00 to C$26.00 and set a “buy” rating on the stock in a report on Thursday, May 12th. Scotiabank cut their target price on Altius Minerals from C$26.00 to C$25.00 in a research note on Thursday, May 12th. Canaccord Genuity Group increased their price objective on shares of Altius Minerals from C$27.00 to C$28.00 in a research note on Tuesday, April 19th. Finally, Cormark lifted their target price on shares of Altius Minerals from C$27.00 to C$30.00 and gave the company an “outperform” rating in a research report on Monday, March 7th.

Shares of ALS stock opened at C$18.44 on Thursday. Altius Minerals has a 12 month low of C$14.92 and a 12 month high of C$25.71. The company has a quick ratio of 7.71, a current ratio of 7.71 and a debt-to-equity ratio of 20.42. The firm has a market cap of C$882.46 million and a PE ratio of 19.58. The stock has a 50 day moving average of C$20.51 and a 200-day moving average of C$20.17.

Altius Minerals (TSE:ALSGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.05. The company had revenue of C$28.49 million for the quarter, compared to the consensus estimate of C$22.00 million. As a group, equities analysts predict that Altius Minerals will post 0.5594185 EPS for the current fiscal year.

About Altius Minerals (Get Rating)

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. The company owns royalty and streaming interests in 12 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal.

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Analyst Recommendations for Altius Minerals (TSE:ALS)

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