Altius Minerals’ (ALS) Sector Perform Rating Reaffirmed at Scotiabank
Altius Minerals Co. (TSE:ALS)‘s stock had its “sector perform” rating reaffirmed by Scotiabank in a research note issued to investors on Friday. They currently have a C$13.50 target price on the stock. Scotiabank’s price target suggests a potential upside of 21.51% from the company’s current price.
Separately, TD Securities restated a “buy” rating and issued a C$16.50 price objective on shares of Altius Minerals in a research note on Wednesday, August 23rd.
Altius Minerals (TSE:ALS) traded down 7.65% during midday trading on Friday, hitting $11.11. The company had a trading volume of 299,672 shares. Altius Minerals has a 1-year low of $9.33 and a 1-year high of $14.06. The firm’s market capitalization is $481.45 million. The company has a 50 day moving average price of $11.65 and a 200 day moving average price of $11.43.
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In other news, insider Stephen Lawrence Winter bought 2,400 shares of the stock in a transaction dated Tuesday, July 11th. The shares were acquired at an average price of C$10.73 per share, with a total value of C$25,752.00. Also, insider Minerals Corporation Altius bought 3,600 shares of the stock in a transaction dated Thursday, July 6th. The stock was purchased at an average cost of C$10.75 per share, for a total transaction of C$38,700.00. In the last 90 days, insiders bought 108,489 shares of company stock valued at $1,174,453.
Altius Minerals Company Profile
Altius Minerals Corporation is a mining royalty and mineral project generation company. The Company is engaged in the generation and acquisition of mineral resource projects, royalties and investments. The royalty interests cover mining operations producing copper, zinc, nickel, cobalt, precious metals, potash, and thermal (electrical) and metallurgical coal.
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