Altius Minerals (TSE:ALS) Upgraded at Scotiabank

Scotiabank upgraded shares of Altius Minerals (TSE:ALS) from a sector perform rating to an outperform rating in a report published on Monday, Marketbeat Ratings reports. The brokerage currently has C$33.00 price objective on the stock, up from their prior price objective of C$27.00.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group boosted their price target on shares of Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a research note on Monday, September 16th. National Bankshares boosted their target price on shares of Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th.

Altius Minerals Trading Up 1.9 %

TSE ALS opened at C$27.42 on Monday. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84. Altius Minerals has a 52 week low of C$16.11 and a 52 week high of C$27.50. The business has a 50 day moving average price of C$26.23 and a 200-day moving average price of C$24.20. The company has a market cap of C$1.27 billion, a price-to-earnings ratio of 88.45 and a beta of 0.94.

Altius Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.31%. Altius Minerals’s payout ratio is 116.13%.

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.