Altius Minerals (TSE:ALS) had its target price boosted by equities research analysts at Raymond James from C$16.50 to C$17.00 in a report issued on Thursday. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 27.63% from the stock’s current price.
Separately, Canaccord Genuity lowered their target price on Altius Minerals from C$19.00 to C$18.00 in a research note on Tuesday, January 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$17.20.
Shares of TSE ALS traded up C$0.22 during midday trading on Thursday, reaching C$13.32. The company had a trading volume of 24,707 shares, compared to its average volume of 61,657. Altius Minerals has a one year low of C$10.04 and a one year high of C$14.80. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 27.62. The firm has a market cap of $553.78 million and a PE ratio of 21.14.
In related news, Senior Officer Benjamin Gerard Lewis bought 2,800 shares of the stock in a transaction dated Tuesday, February 19th. The stock was bought at an average price of C$11.80 per share, with a total value of C$33,040.00. Following the purchase, the insider now owns 33,292 shares in the company, valued at approximately C$392,845.60. In the last three months, insiders bought 5,250 shares of company stock valued at $59,381.
About Altius Minerals
Altius Minerals Corporation operates as a diversified mining royalty, streaming, and mineral project generation company in Canada and Brazil. The company owns royalties and streams in 15 operating mines of copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal; and various pre-development stage royalties in mineral commodities.
Featured Story: How does the Federal Reserve determine interest rates?
Receive News & Ratings for Altius Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altius Minerals and related companies with MarketBeat.com's FREE daily email newsletter.