Canaccord Genuity Group Raises Altius Minerals (TSE:ALS) Price Target to C$24.50

Altius Minerals (TSE:ALS) had its target price increased by Canaccord Genuity Group from C$24.00 to C$24.50 in a research note published on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently issued reports on ALS. Scotiabank decreased their price target on shares of Altius Minerals from C$20.00 to C$18.50 and set a sector perform rating on the stock in a research note on Tuesday, February 6th. National Bankshares decreased their price target on shares of Altius Minerals from C$24.00 to C$23.00 and set an outperform rating on the stock in a research note on Monday, January 8th. Finally, TD Securities raised shares of Altius Minerals from a hold rating to a buy rating and raised their price target for the stock from C$22.00 to C$23.00 in a research note on Tuesday, March 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$22.71.

Altius Minerals Price Performance

Shares of TSE ALS opened at C$20.97 on Monday. The stock has a market cap of C$981.61 million, a price-to-earnings ratio of 104.85 and a beta of 0.93. Altius Minerals has a 52 week low of C$16.11 and a 52 week high of C$22.40. The company’s 50-day moving average price is C$19.64 and its 200 day moving average price is C$19.14. The company has a current ratio of 11.23, a quick ratio of 6.49 and a debt-to-equity ratio of 18.38.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Monday, March 11th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The business had revenue of C$16.10 million during the quarter, compared to analyst estimates of C$18.85 million. Altius Minerals had a net margin of 13.83% and a return on equity of 1.66%. As a group, research analysts forecast that Altius Minerals will post 0.3739763 earnings per share for the current fiscal year.

Altius Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.53%. Altius Minerals’s payout ratio is currently 160.00%.

Altius Minerals Company Profile

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 11 operating mines covering copper, zinc, nickel, cobalt, potash, iron ore, precious metals, and thermal and metallurgical coal.