Altius Minerals (TSE:ALS) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Altius Minerals Co. (TSE:ALS)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$30.69 and traded as high as C$33.84. Altius Minerals shares last traded at C$33.48, with a volume of 73,556 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. National Bankshares boosted their price objective on Altius Minerals from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. TD Securities boosted their price objective on Altius Minerals from C$32.00 to C$34.00 and gave the company a “buy” rating in a report on Monday, July 28th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$32.40.

Altius Minerals Stock Performance

The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. The stock has a 50 day simple moving average of C$30.69 and a 200 day simple moving average of C$27.91. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 16.10 and a beta of 0.26.

Altius Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.10 dividend. This is an increase from Altius Minerals’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. Altius Minerals’s payout ratio is presently 17.31%.

Insider Buying and Selling

In other Altius Minerals news, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of Altius Minerals stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of C$29.10, for a total value of C$88,289.40. Also, Senior Officer Mark Raguz bought 1,400 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was bought at an average price of C$28.41 per share, with a total value of C$39,778.20. Insiders own 19.00% of the company’s stock.

Altius Minerals Company Profile

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.