Altius Minerals Co. (TSE:ALS) announced a quarterly dividend on Tuesday, December 12th, Zacks reports. Investors of record on Friday, January 5th will be given a dividend of 0.04 per share on Friday, January 19th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, January 4th. This is a positive change from Altius Minerals’s previous quarterly dividend of $0.03.
Altius Minerals (ALS) traded up C$0.20 on Friday, hitting C$14.95. 64,000 shares of the company were exchanged, compared to its average volume of 50,883. The company has a market capitalization of $626.22, a P/E ratio of -11.41 and a beta of 0.68. Altius Minerals has a twelve month low of C$10.05 and a twelve month high of C$15.06.
A number of equities research analysts recently weighed in on the stock. Scotiabank boosted their price target on shares of Altius Minerals from C$14.50 to C$15.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 14th. Raymond James Financial upped their target price on shares of Altius Minerals from C$13.00 to C$14.50 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Finally, TD Securities upped their target price on shares of Altius Minerals from C$16.50 to C$17.00 and gave the company a “buy” rating in a research note on Friday, September 15th.
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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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