Altius Minerals Co. (TSE:ALS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Altius Minerals Co. (TSE:ALS) have been given an average recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$61.75.

A number of research analysts recently commented on ALS shares. National Bank Financial raised their price objective on shares of Altius Minerals from C$62.50 to C$70.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. TD set a C$60.00 target price on Altius Minerals and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Scotiabank raised Altius Minerals to a “hold” rating in a research note on Thursday. ATB Cormark Capital Markets increased their price target on Altius Minerals from C$68.00 to C$79.00 in a research note on Tuesday, July 14th. Finally, Canaccord Genuity Group lifted their price target on Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday, May 12th.

Altius Minerals Price Performance

Altius Minerals stock opened at C$58.36 on Monday. The stock has a market cap of C$3.25 billion, a price-to-earnings ratio of 9.32 and a beta of 0.40. The company has a current ratio of 9.96, a quick ratio of 6.49 and a debt-to-equity ratio of 6.56. The company’s 50-day moving average price is C$58.54 and its two-hundred day moving average price is C$51.39. Altius Minerals has a 52 week low of C$28.33 and a 52 week high of C$66.05.

Altius Minerals (TSE:ALS) last released 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, analysts expect that Altius Minerals will post 0.3509869 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stephanie Hussey bought 1,700 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the completion of the acquisition, the insider directly owned 18,521 shares in the company, valued at approximately C$943,830.16. The trade was a 10.11% increase in their ownership of the stock. 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.