Altius Minerals (TSE:ALS) Sets New 12-Month High Following Analyst Upgrade

Shares of Altius Minerals Co. (TSE:ALS) hit a new 52-week high during mid-day trading on Tuesday after National Bank Financial raised their price target on the stock from C$62.50 to C$70.00. National Bank Financial currently has an outperform rating on the stock. Altius Minerals traded as high as C$65.75 and last traded at C$65.75, with a volume of 206217 shares. The stock had previously closed at C$61.86.

ALS has been the topic of a number of other research reports. Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday, May 12th. Scotiabank upped their price objective on shares of Altius Minerals from C$57.00 to C$58.00 and gave the stock a “sector perform” rating in a research report on Monday, June 15th. TD increased their price objective on shares of Altius Minerals from C$55.00 to C$60.00 and gave the company a “hold” rating in a report on Tuesday. TD Securities lowered shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Raymond James Financial boosted their target price on shares of Altius Minerals from C$64.00 to C$66.00 in a research note on Monday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$61.75.

Insider Activity

In other news, insider Stephanie Hussey purchased 1,700 shares of the stock in a transaction dated 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 purchase, the insider directly owned 18,521 shares of the company’s stock, valued at approximately C$943,830.16. The trade was a 10.11% increase in their position. 19.00% of the stock is owned by corporate insiders.

Altius Minerals Stock Performance

The company has a market cap of C$3.68 billion, a price-to-earnings ratio of 10.54 and a beta of 0.40. The firm’s 50 day simple moving average is C$57.75 and its 200-day simple moving average is C$50.27. The company has a debt-to-equity ratio of 6.56, a quick ratio of 6.49 and a current ratio of 9.96.

Altius Minerals (TSE:ALS) last issued its earnings results on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. The business 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, sell-side analysts predict that Altius Minerals Co. will post 0.3509869 EPS for the current year.

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.