Altius Minerals (TSE:ALS) Upgraded at Scotiabank

Altius Minerals (TSE:ALS) was upgraded by equities researchers at Scotiabank to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets raised their price target 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. National Bank Financial boosted their price objective on Altius Minerals from C$62.50 to C$70.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. ATB Cormark Capital Markets increased their target price on Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. TD Securities lowered Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, TD set a C$60.00 target price on Altius Minerals and gave the company a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Altius Minerals presently has a consensus rating of “Hold” and an average price target of C$61.75.

Altius Minerals Price Performance

Shares of Altius Minerals stock opened at C$58.45 on Thursday. The stock has a market capitalization of C$3.26 billion, a price-to-earnings ratio of 9.34 and a beta of 0.40. The firm’s 50-day moving average price is C$58.43 and its two-hundred day moving average price is C$51.28. The company has a current ratio of 9.96, a quick ratio of 6.49 and a debt-to-equity ratio of 6.56. Altius Minerals has a 1-year low of C$28.33 and a 1-year high of C$66.05.

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

Insider Activity at Altius Minerals

In related news, insider Stephanie Hussey purchased 1,700 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the completion of the purchase, the insider directly 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. 19.00% of the stock is owned by company 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.