Insider Buying: Altius Minerals (TSE:ALS) Insider Buys 1,700 Shares of Stock

Altius Minerals Co. (TSE:ALS) insider Stephanie Hussey acquired 1,700 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of C$50.96 per share, for a total transaction of C$86,632.00. Following the acquisition, the insider owned 18,521 shares of the company’s stock, valued at approximately C$943,830.16. This trade represents a 10.11% increase in their position.

Stephanie Hussey also recently made the following trade(s):

• On Wednesday, May 20th, Stephanie Hussey acquired 320 shares of Altius Minerals stock. The stock was acquired at an average price of C$51.00 per share, for a total transaction of C$16,320.00.

Altius Minerals Stock Up 2.5%

ALS traded up C$1.27 during midday trading on Monday, reaching C$52.63. The company’s stock had a trading volume of 32,502 shares, compared to its average volume of 192,254. The firm has a market capitalization of C$2.93 billion, a price-to-earnings ratio of 8.41 and a beta of 0.36. The company has a current ratio of 9.96, a quick ratio of 6.49 and a debt-to-equity ratio of 6.56. Altius Minerals Co. has a 1 year low of C$26.13 and a 1 year high of C$57.24. The stock’s 50-day moving average is C$49.93 and its 200-day moving average is C$45.22.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.11 earnings per share for the quarter. The business had revenue of C$22.17 million for the quarter. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. As a group, research analysts expect that Altius Minerals Co. will post 0.3509869 EPS for the current year.

Analyst Upgrades and Downgrades

ALS has been the topic of several analyst reports. BMO Capital Markets upped their price objective on 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. National Bank Financial increased their target price on Altius Minerals from C$57.50 to C$62.50 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Canaccord Genuity Group increased their target price on Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday, May 12th. TD Securities downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, TD downgraded Altius Minerals from a “buy” rating to a “hold” rating and increased their target price for the company from C$52.00 to C$54.00 in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$53.36.

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.