Altius Minerals Co. (TSE:ALS) Receives Average Rating of “Hold” from Brokerages

Altius Minerals Co. (TSE:ALS) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat Ratings 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 12-month price target among brokerages that have issued ratings on the stock in the last year is C$56.36.

ALS has been the topic of several research reports. Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$51.00 to C$60.00 in a report on Tuesday, May 12th. Scotiabank boosted their target price on shares of Altius Minerals from C$57.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Monday, June 15th. TD Securities downgraded shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. TD cut Altius Minerals from a “buy” rating to a “hold” rating and increased their price target for the company from C$52.00 to C$54.00 in a research note on Friday, April 10th. Finally, BMO Capital Markets raised their price objective on Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th.

Insider Buying and Selling

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 purchased at an average cost of C$50.96 per share, for a total transaction of C$86,632.00. Following the completion of the transaction, the insider owned 18,521 shares of the company’s stock, valued at C$943,830.16. This trade represents a 10.11% increase in their ownership of the stock. Corporate insiders own 19.00% of the company’s stock.

Altius Minerals Price Performance

Shares of ALS stock opened at C$63.52 on Thursday. 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 twelve month low of C$26.83 and a twelve month high of C$64.49. The company has a market cap of C$3.54 billion, a P/E ratio of 10.15 and a beta of 0.39. The business has a fifty day simple moving average of C$55.81 and a 200 day simple moving average of C$48.98.

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

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.