Altius Minerals (TSE:ALS) Price Target Raised to C$39.00

Altius Minerals (TSE:ALS) had its price objective lifted by TD Securities from C$34.00 to C$39.00 in a research report released on Tuesday,BayStreet.CA reports.

Several other brokerages also recently weighed in on ALS. Canaccord Genuity Group upped their price objective on Altius Minerals from C$38.00 to C$40.00 in a research report on Friday, October 17th. National Bankshares upped their price objective on Altius Minerals from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Finally, Raymond James Financial upped their price objective on Altius Minerals from C$36.00 to C$37.00 in a research report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$34.83.

Altius Minerals Price Performance

Shares of ALS stock opened at C$35.77 on Tuesday. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. Altius Minerals has a twelve month low of C$22.27 and a twelve month high of C$36.19. The company has a market cap of C$1.66 billion, a P/E ratio of 17.20 and a beta of 0.26. The business has a fifty day simple moving average of C$31.80 and a 200 day simple moving average of C$28.66.

Altius Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.10 dividend. This is an increase from Altius Minerals’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.1%. Altius Minerals’s dividend payout ratio (DPR) is currently 17.31%.

Insider Buying and Selling

In other Altius Minerals news, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of C$29.10, for a total value of C$88,289.40. Corporate insiders own 19.00% of the company’s stock.

About Altius Minerals

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.