Altius Minerals (TSE:ALS) Insider Mark Raguz Buys 1,160 Shares

Altius Minerals Co. (TSE:ALS) insider Mark Raguz purchased 1,160 shares of Altius Minerals stock in a transaction on Friday, January 30th. The stock was bought at an average cost of C$43.01 per share, with a total value of C$49,891.60. Following the transaction, the insider directly owned 20,253 shares of the company’s stock, valued at approximately C$871,081.53. The trade was a 6.08% increase in their ownership of the stock.

Altius Minerals Stock Performance

Shares of TSE ALS opened at C$43.10 on Friday. The business’s 50-day simple moving average is C$42.02 and its 200-day simple moving average is C$35.88. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36. Altius Minerals Co. has a 52 week low of C$22.27 and a 52 week high of C$48.54. The firm has a market cap of C$1.99 billion, a price-to-earnings ratio of 5.63 and a beta of 0.20.

Wall Street Analysts Forecast Growth

ALS has been the subject of a number of recent analyst reports. National Bankshares upped their price target on shares of Altius Minerals from C$45.50 to C$52.00 in a report on Thursday. Canaccord Genuity Group boosted their price objective on Altius Minerals from C$38.00 to C$40.00 in a research report on Friday, October 17th. Raymond James Financial downgraded Altius Minerals from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$9.00 to C$9.50 in a research note on Tuesday, December 30th. BMO Capital Markets lifted their price target on Altius Minerals from C$34.00 to C$35.00 in a research report on Wednesday, November 12th. Finally, TD Securities upped their price target on Altius Minerals from C$34.00 to C$39.00 in a report on Tuesday, October 21st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Altius Minerals currently has a consensus rating of “Moderate Buy” and an average target price of C$35.42.

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.