Altius Minerals (TSE:ALS) Sets New 52-Week High – Still a Buy?

Shares of Altius Minerals Co. (TSE:ALS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$60.74 and last traded at C$59.65, with a volume of 278970 shares traded. The stock had previously closed at C$57.92.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALS. National Bank Financial upped their price objective on shares of Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Scotiabank raised shares of Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. TD downgraded shares of Altius Minerals from a “buy” rating to a “hold” rating and increased their target price for the company from C$52.00 to C$54.00 in a research report on Friday, April 10th. TD Securities downgraded shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Raymond James Financial increased their target price on shares of Altius Minerals from C$52.00 to C$59.00 in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$53.36.

Altius Minerals Stock Up 3.0%

The company has a market capitalization of C$3.32 billion, a PE ratio of 9.53 and a beta of 0.36. The company has a debt-to-equity ratio of 6.56, a quick ratio of 6.49 and a current ratio of 9.96. The stock’s 50 day moving average is C$51.43 and its 200 day moving average is C$45.97.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. The company had revenue of C$22.17 million for the quarter. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. On average, sell-side analysts anticipate that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.

Insider Buying and Selling at Altius Minerals

In other news, insider Mark Raguz bought 1,000 shares of the stock in a transaction on Thursday, March 19th. The shares were acquired at an average cost of C$40.20 per share, for a total transaction of C$40,200.00. Following the purchase, the insider directly owned 21,253 shares of the company’s stock, valued at C$854,370.60. This trade represents a 4.94% increase in their position. Also, Director Andr� Gaumond bought 1,000 shares of the stock in a transaction on Thursday, March 19th. The stock was purchased at an average price of C$41.69 per share, for a total transaction of C$41,690.00. Following the completion of the purchase, the director directly owned 78,351 shares in the company, valued at approximately C$3,266,453.19. This represents a 1.29% increase in their ownership of the stock. Over the last 90 days, insiders have purchased 7,620 shares of company stock valued at $338,274. 19.00% of the stock is owned by corporate insiders.

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.