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

Shares of Altius Minerals Co. (TSE:ALS) have received an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$22.71.

Several analysts have weighed in on the company. TD Securities raised Altius Minerals from a “hold” rating to a “buy” rating and raised their price target for the company from C$22.00 to C$23.00 in a report on Tuesday, March 12th. Canaccord Genuity Group raised their price target on Altius Minerals from C$24.00 to C$24.50 and gave the company a “buy” rating in a report on Monday, April 22nd. National Bankshares decreased their price objective on Altius Minerals from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. Finally, Scotiabank decreased their price objective on Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating on the stock in a report on Tuesday, February 6th.

Altius Minerals Stock Performance

Shares of ALS opened at C$22.05 on Monday. The stock’s 50-day simple moving average is C$19.84 and its 200 day simple moving average is C$19.14. The stock has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 110.25 and a beta of 0.93. The company has a debt-to-equity ratio of 18.38, a quick ratio of 6.49 and a current ratio of 11.23. Altius Minerals has a 52-week low of C$16.11 and a 52-week high of C$22.40.

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

Altius Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.45%. Altius Minerals’s dividend payout ratio is currently 160.00%.

About Altius Minerals

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.