Raymond James Financial Forecasts Strong Price Appreciation for Altius Minerals (TSE:ALS) Stock

Altius Minerals (TSE:ALS) had its price objective upped by research analysts at Raymond James Financial from C$37.00 to C$40.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Raymond James Financial’s price target indicates a potential downside of 8.86% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets upped their price objective on shares of Altius Minerals from C$34.00 to C$35.00 in a research report on Wednesday. TD Securities lifted their target price on Altius Minerals from C$34.00 to C$39.00 in a research note on Tuesday, October 21st. Canaccord Genuity Group upped their price target on shares of Altius Minerals from C$38.00 to C$40.00 in a research report on Friday, October 17th. Scotiabank increased their price objective on Altius Minerals from C$36.00 to C$37.00 in a report on Tuesday, October 28th. Finally, National Bankshares lifted their price objective on shares of Altius Minerals from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$37.83.

Altius Minerals Price Performance

Shares of ALS traded up C$1.41 during trading hours on Thursday, reaching C$43.89. The company had a trading volume of 258,724 shares, compared to its average volume of 94,642. The firm has a 50 day simple moving average of C$34.21 and a 200-day simple moving average of C$30.04. The company has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 21.10 and a beta of 0.17. Altius Minerals has a 12-month low of C$22.27 and a 12-month high of C$44.44. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48.

Altius Minerals Company Profile

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.