Altius Minerals (TSE:ALS) PT Raised to C$24.50 at Canaccord Genuity Group

Altius Minerals (TSE:ALS) had its target price raised by investment analysts at Canaccord Genuity Group from C$24.00 to C$24.50 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 16.72% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. Scotiabank reduced their price objective on Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating for the company in a report on Tuesday, February 6th. National Bankshares reduced their price objective on Altius Minerals from C$24.00 to C$23.00 and set an “outperform” rating for the company in a report on Monday, January 8th. Finally, TD Securities upgraded Altius Minerals from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$22.00 to C$23.00 in a report on Tuesday, March 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.71.

Altius Minerals Price Performance

Shares of TSE:ALS opened at C$20.99 on Monday. Altius Minerals has a 1-year low of C$16.11 and a 1-year high of C$22.40. The company has a debt-to-equity ratio of 18.38, a current ratio of 11.23 and a quick ratio of 6.49. The business has a fifty day moving average price of C$19.55 and a 200-day moving average price of C$19.13. The company has a market capitalization of C$982.54 million, a PE ratio of 104.95 and a beta of 0.93.

Altius Minerals (TSE:ALS) last issued its quarterly earnings results on Monday, March 11th. The company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Altius Minerals had a net margin of 13.83% and a return on equity of 1.66%. The company had revenue of C$16.10 million for the quarter, compared to the consensus estimate of C$18.85 million. As a group, equities analysts expect that Altius Minerals will post 0.3739763 EPS for the current fiscal year.

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.