Altius Minerals (TSE:ALS) Director Brian Dalton Buys 1,600 Shares of Stock

Altius Minerals Co. (TSE:ALS) Director Brian Dalton purchased 1,600 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were bought at an average price of C$41.32 per share, for a total transaction of C$66,112.00. Following the completion of the transaction, the director directly owned 829,956 shares in the company, valued at approximately C$34,293,781.92. This trade represents a 0.19% increase in their position.

Brian Dalton also recently made the following trade(s):

• On Tuesday, March 17th, Brian Dalton bought 2,000 shares of Altius Minerals stock. The stock was bought at an average price of C$43.66 per share, for a total transaction of C$87,320.00.

Altius Minerals Stock Performance

Shares of ALS opened at C$52.43 on Friday. The firm has a fifty day moving average of C$45.59 and a 200-day moving average of C$41.03. The company has a market cap of C$2.93 billion, a price-to-earnings ratio of 8.27 and a beta of 0.33. The company has a debt-to-equity ratio of 9.98, a quick ratio of 6.49 and a current ratio of 15.11. Altius Minerals Co. has a 1 year low of C$22.27 and a 1 year high of C$52.59.

Altius Minerals (TSE:ALS) last released its quarterly earnings data on Tuesday, March 10th. The company reported C$0.24 earnings per share for the quarter. The business had revenue of C$14.06 million for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. As a group, equities analysts anticipate that Altius Minerals Co. will post 0.3509869 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ALS shares. TD Securities boosted their price objective on Altius Minerals from C$39.00 to C$52.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Scotiabank upgraded Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. Raymond James Financial lifted their target price on Altius Minerals from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. National Bank Financial boosted their price target on Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday, January 29th. Finally, Canaccord Genuity Group increased their price target on Altius Minerals from C$47.00 to C$51.00 in a research note on Monday, March 16th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Altius Minerals presently has an average rating of “Moderate Buy” and a consensus target price of C$45.83.

Altius Minerals Company Profile

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.