Altius Minerals (TSE:ALS) Sets New 52-Week High – Time to Buy?

Altius Minerals Co. (TSE:ALS) shares hit a new 52-week high during trading on Thursday . The stock traded as high as C$68.41 and last traded at C$68.23, with a volume of 54034 shares traded. The stock had previously closed at C$65.22.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research report on Thursday, July 23rd. National Bank Financial lifted their price objective on shares of Altius Minerals from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Raymond James Financial boosted their target price on shares of Altius Minerals from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. ATB Cormark Capital Markets raised their target price on Altius Minerals from C$68.00 to C$79.00 in a research report on Tuesday, July 14th. Finally, Canaccord Genuity Group lifted their price target on Altius Minerals from C$60.00 to C$70.00 in a report on Tuesday, August 11th. Two investment 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, Altius Minerals presently has an average rating of “Hold” and an average price target of C$64.00.

Altius Minerals Trading Up 4.3%

The company has a debt-to-equity ratio of 6.47, a quick ratio of 6.49 and a current ratio of 13.49. The stock has a market cap of C$4.00 billion, a price-to-earnings ratio of 10.80 and a beta of 0.49. The company’s 50 day simple moving average is C$62.20 and its two-hundred day simple moving average is C$56.22.

Altius Minerals (TSE:ALS) last issued its earnings results on Monday, August 10th. The company reported C$0.14 earnings per share (EPS) for the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. The company had revenue of C$23.15 million during the quarter. Research analysts expect that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.

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.