Altius Minerals (TSE:ALS) Announces Quarterly Earnings Results

Altius Minerals (TSE:ALS) issued its quarterly earnings data on Tuesday. The company reported C$0.11 earnings per share (EPS) for the quarter, FiscalAI reports. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. The company had revenue of C$22.17 million for the quarter.

Altius Minerals Price Performance

Shares of TSE ALS traded down C$0.87 during midday trading on Wednesday, hitting C$56.26. The company had a trading volume of 197,219 shares, compared to its average volume of 189,845. The company has a quick ratio of 6.49, a current ratio of 15.11 and a debt-to-equity ratio of 9.98. Altius Minerals has a twelve month low of C$25.92 and a twelve month high of C$57.24. The business has a 50-day simple moving average of C$48.92 and a two-hundred day simple moving average of C$44.31. The firm has a market capitalization of C$3.14 billion, a price-to-earnings ratio of 8.87 and a beta of 0.36.

Analyst Upgrades and Downgrades

ALS has been the topic of a number of analyst reports. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. BMO Capital Markets lifted their price objective on shares of Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a research report on Wednesday. TD downgraded Altius Minerals from a “buy” rating to a “hold” rating and raised their target price for the company from C$52.00 to C$54.00 in a report on Friday, April 10th. Raymond James Financial raised their target price on Altius Minerals from C$48.00 to C$52.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Canaccord Genuity Group raised their target price on Altius Minerals from C$51.00 to C$60.00 in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$52.36.

Insider Activity at Altius Minerals

In other news, Director Brian Dalton purchased 1,600 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was acquired at an average price of C$41.32 per share, with a total value of C$66,112.00. Following the purchase, the director directly owned 829,956 shares of the company’s stock, valued at C$34,293,781.92. This represents a 0.19% increase in their position. Also, Director Andr� Gaumond acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average price of C$41.69 per share, for a total transaction of C$41,690.00. Following the completion of the transaction, the director directly owned 78,351 shares in the company, valued at approximately C$3,266,453.19. This represents a 1.29% increase in their ownership of the stock. Insiders purchased 5,600 shares of company stock worth $235,322 over the last 90 days. Company insiders own 19.00% of the company’s stock.

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.