Altius Minerals (TSE:ALS) Price Target Raised to C$70.00

Altius Minerals (TSE:ALS) had its price objective upped by Canaccord Genuity Group from C$60.00 to C$70.00 in a research note published on Tuesday morning,BayStreet.CA reports.

ALS has been the subject of several other research reports. Scotiabank raised Altius Minerals to a “hold” rating in a research note on Thursday, July 23rd. TD set a C$60.00 price target on shares of Altius Minerals and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Raymond James Financial upped their price target on shares of Altius Minerals from C$64.00 to C$66.00 in a report on Monday, July 13th. BMO Capital Markets raised 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, May 13th. Finally, ATB Cormark Capital Markets lifted their price objective on shares of Altius Minerals from C$68.00 to C$79.00 in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$63.62.

Altius Minerals Stock Performance

ALS opened at C$62.43 on Tuesday. The company has a market capitalization of C$3.67 billion, a price-to-earnings ratio of 9.97 and a beta of 0.40. The company has a debt-to-equity ratio of 6.56, a current ratio of 9.96 and a quick ratio of 6.49. Altius Minerals has a 1-year low of C$28.63 and a 1-year high of C$66.05. The business has a 50 day moving average price of C$60.03 and a two-hundred day moving average price of C$52.91.

Altius Minerals (TSE:ALS) last issued its quarterly earnings results on Monday, August 10th. The company reported C$0.14 earnings per share (EPS) for the quarter. Altius Minerals had a return on equity of 32.43% and a net margin of 543.91%.The company had revenue of C$23.15 million for the quarter. Research analysts predict that Altius Minerals will post 0.3509869 EPS for the current fiscal year.

Insider Activity at Altius Minerals

In related news, insider Stephanie Hussey acquired 1,700 shares of Altius Minerals stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the purchase, the insider directly owned 18,521 shares in the company, valued at C$943,830.16. The trade was a 10.11% increase in their position. 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.