Raymond James Financial Issues Positive Forecast for Altius Minerals (TSE:ALS) Stock Price

Altius Minerals (TSE:ALS) had its target price lifted by Raymond James Financial from C$64.00 to C$66.00 in a research note issued to investors on Monday,BayStreet.CA reports. Raymond James Financial’s price target suggests a potential upside of 7.86% from the company’s previous close.

A number of other research firms have also commented on ALS. National Bank Financial lifted their target price on Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Scotiabank boosted their price objective on shares of Altius Minerals from C$57.00 to C$58.00 and gave the company a “sector perform” rating in a research report on Monday, June 15th. TD cut Altius Minerals from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$52.00 to C$54.00 in a research report on Friday, April 10th. TD Securities lowered Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Canaccord Genuity Group boosted their price target on Altius Minerals from C$51.00 to C$60.00 in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$57.36.

Altius Minerals Trading Down 2.5%

Shares of TSE ALS traded down C$1.55 during mid-day trading on Monday, hitting C$61.19. The stock had a trading volume of 74,450 shares, compared to its average volume of 232,654. The business has a 50 day moving average price of C$57.50 and a two-hundred day moving average price of C$50.12. Altius Minerals has a 1 year low of C$27.08 and a 1 year high of C$65.92. The firm has a market cap of C$3.41 billion, a P/E ratio of 9.77 and a beta of 0.40. The company has a debt-to-equity ratio of 6.56, a quick ratio of 6.49 and a current ratio of 9.96.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. The business had revenue of C$22.17 million during the quarter. On average, equities analysts anticipate that Altius Minerals will post 0.3509869 EPS for the current fiscal year.

Insider Buying and Selling at Altius Minerals

In other news, insider Stephanie Hussey bought 1,700 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 18,521 shares in the company, valued at approximately C$943,830.16. This trade represents a 10.11% increase in their position. Corporate 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.