ATB Cormark Capital Markets Boosts Altius Minerals (TSE:ALS) Price Target to C$79.00

Altius Minerals (TSE:ALS) had its price objective boosted by research analysts at ATB Cormark Capital Markets from C$68.00 to C$79.00 in a research report issued on Tuesday,BayStreet.CA reports. ATB Cormark Capital Markets’ price objective would suggest a potential upside of 21.15% from the company’s previous close.

ALS has been the subject of a number of other reports. National Bank Financial upped their price target on Altius Minerals from C$57.50 to C$62.50 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group lifted their price objective on Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday, May 12th. TD Securities lowered Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. TD cut Altius Minerals from a “buy” rating to a “hold” rating and upped their target price for the company from C$52.00 to C$54.00 in a report on Friday, April 10th. Finally, BMO Capital Markets raised their target price on Altius Minerals from C$44.00 to C$49.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$61.75.

Altius Minerals Price Performance

Shares of TSE ALS traded up C$3.35 during trading on Tuesday, hitting C$65.21. The company had a trading volume of 155,635 shares, compared to its average volume of 233,409. The firm has a market capitalization of C$3.64 billion, a price-to-earnings ratio of 10.42 and a beta of 0.40. The stock has a fifty day simple moving average of C$57.75 and a two-hundred day simple moving average of C$50.27. The company has a quick ratio of 6.49, a current ratio of 9.96 and a debt-to-equity ratio of 6.56. Altius Minerals has a fifty-two week low of C$27.08 and a fifty-two week high of C$65.92.

Altius Minerals (TSE:ALS) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. The firm had revenue of C$22.17 million during the quarter. Altius Minerals had a return on equity of 32.43% and a net margin of 543.91%. On average, research analysts expect that Altius Minerals will post 0.3509869 earnings per share for the current year.

Insider Buying and Selling at Altius Minerals

In other news, insider Stephanie Hussey bought 1,700 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the transaction, the insider directly owned 18,521 shares in the company, valued at C$943,830.16. The trade was a 10.11% increase in their position. Insiders own 19.00% of the company’s stock.

About Altius Minerals

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.