Altius Minerals (TSE:ALS) Hits New 1-Year High – Should You Buy?

Altius Minerals Co. (TSE:ALS)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$27.62 and last traded at C$27.34, with a volume of 21446 shares. The stock had previously closed at C$27.05.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ALS. National Bankshares boosted their target price on Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Canaccord Genuity Group raised their price target on shares of Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Scotiabank raised shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$27.00 to C$33.00 in a research note on Monday, December 23rd.

Altius Minerals Stock Performance

The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30. The firm’s 50 day simple moving average is C$26.33 and its 200 day simple moving average is C$24.61. The firm has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 88.52 and a beta of 0.94.

Altius Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.31%. Altius Minerals’s payout ratio is 116.13%.

About Altius Minerals

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. The company owns royalty and streaming interests in 11 operating mines covering copper, zinc, nickel, cobalt, potash, iron ore, precious metals, and thermal and metallurgical coal.