Altius Minerals (TSE:ALS) Insider Flora Emily Mackay Wood Purchases 1,000 Shares of Stock

Altius Minerals Co. (TSE:ALS) insider Flora Emily Mackay Wood bought 1,000 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were purchased at an average price of C$43.15 per share, with a total value of C$43,150.00. Following the completion of the acquisition, the insider owned 13,370 shares of the company’s stock, valued at C$576,915.50. This trade represents a 8.08% increase in their position.

Altius Minerals Stock Down 6.2%

Shares of TSE ALS traded down C$2.85 during mid-day trading on Friday, hitting C$43.20. 299,756 shares of the stock traded hands, compared to its average volume of 166,602. The company has a market cap of C$2.00 billion, a price-to-earnings ratio of 5.65 and a beta of 0.20. The stock has a fifty day moving average price of C$41.92 and a 200-day moving average price of C$35.77. Altius Minerals Co. has a 52 week low of C$22.27 and a 52 week high of C$48.54. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ALS. TD Securities upped their price target on shares of Altius Minerals from C$34.00 to C$39.00 in a research report on Tuesday, October 21st. Scotiabank cut shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$38.00 to C$40.00 in a research note on Friday, October 17th. National Bankshares boosted their price objective on shares of Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday. Finally, Raymond James Financial lowered Altius Minerals from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from C$9.00 to C$9.50 in a research note on Tuesday, December 30th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$35.42.

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.