Altius Minerals (TSE:ALS) Given New C$49.00 Price Target at BMO Capital Markets

Altius Minerals (TSE:ALS) had its price target hoisted by stock analysts at BMO Capital Markets from C$44.00 to C$49.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 13.09% from the stock’s previous close.

ALS has been the topic of several other reports. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. TD cut shares of Altius Minerals from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$52.00 to C$54.00 in a research report on Friday, April 10th. Canaccord Genuity Group boosted their price objective on Altius Minerals from C$51.00 to C$60.00 in a report on Tuesday. TD Securities downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, National Bank Financial boosted their price objective on Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$52.36.

Altius Minerals Price Performance

Altius Minerals stock traded down C$0.75 during midday trading on Wednesday, hitting C$56.38. The company’s stock had a trading volume of 195,099 shares, compared to its average volume of 189,806. The company has a quick ratio of 6.49, a current ratio of 15.11 and a debt-to-equity ratio of 9.98. The stock’s 50-day moving average price is C$48.92 and its 200-day moving average price is C$44.31. Altius Minerals has a 12 month low of C$25.92 and a 12 month high of C$57.24. The company has a market capitalization of C$3.14 billion, a PE ratio of 8.89 and a beta of 0.36.

Altius Minerals (TSE:ALS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. The firm had revenue of C$22.17 million for the quarter. Analysts anticipate that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mark Raguz acquired 1,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of C$40.20 per share, for a total transaction of C$40,200.00. Following the acquisition, the insider owned 21,253 shares in the company, valued at approximately C$854,370.60. This represents a 4.94% increase in their ownership of the stock. Also, Director Andr� Gaumond acquired 1,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were bought at an average price of C$41.69 per share, for a total transaction of C$41,690.00. Following the acquisition, the director owned 78,351 shares in the company, valued at approximately C$3,266,453.19. This trade represents a 1.29% increase in their position. In the last quarter, insiders have purchased 5,600 shares of company stock worth $235,322. 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.