TD Securities Increases Altius Minerals Co. (ALS) Price Target to C$17.00
Altius Minerals Co. (TSE:ALS) had its target price upped by investment analysts at TD Securities from C$16.50 to C$17.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 41.31% from the stock’s current price.
Separately, Scotiabank initiated coverage on shares of Altius Minerals in a report on Tuesday, June 27th. They set a “sector perform” rating and a C$14.00 price objective for the company.
Shares of Altius Minerals (TSE:ALS) traded down 3.24% during trading on Friday, reaching $11.64. 120,703 shares of the company’s stock were exchanged. The company has a 50 day moving average of $11.65 and a 200 day moving average of $11.43. Altius Minerals has a 52-week low of $9.33 and a 52-week high of $14.06. The firm’s market capitalization is $504.42 million.
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In other news, insider Minerals Corporation Altius purchased 3,600 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average cost of C$10.75 per share, with a total value of C$38,700.00. Also, insider Benjamin Gerard Lewis purchased 3,900 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average cost of C$11.10 per share, with a total value of C$43,290.00. Insiders have bought a total of 108,489 shares of company stock valued at $1,174,453 over the last ninety days.
About Altius Minerals
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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