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

Shares of Altius Minerals Co. (TSE:ALS) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$64.00.

ALS has been the topic of a number of recent research reports. Raymond James Financial lifted their price objective on Altius Minerals from C$66.00 to C$69.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Scotiabank upgraded Altius Minerals to a “hold” rating in a research report on Thursday, July 23rd. Canaccord Genuity Group boosted their price target on Altius Minerals from C$60.00 to C$70.00 in a research note on Tuesday, August 11th. TD set a C$60.00 price target on Altius Minerals and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Finally, ATB Cormark Capital Markets increased their price objective on Altius Minerals from C$68.00 to C$79.00 in a research note on Tuesday, July 14th.

Altius Minerals Stock Down 1.3%

Shares of ALS opened at C$65.71 on Tuesday. The company has a 50-day simple moving average of C$62.04 and a 200-day simple moving average of C$55.98. The company has a debt-to-equity ratio of 6.47, a quick ratio of 6.49 and a current ratio of 13.49. Altius Minerals has a 52 week low of C$30.69 and a 52 week high of C$68.26. The firm has a market capitalization of C$3.86 billion, a P/E ratio of 10.43 and a beta of 0.49.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Monday, August 10th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$23.15 million for the quarter. Altius Minerals had a return on equity of 27.08% and a net margin of 462.21%. On average, equities research analysts expect that Altius Minerals will post 0.3509869 earnings per share for the current 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.