Altius Minerals (TSE:ALS) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Altius Minerals Co. (TSE:ALS) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$51.43 and traded as high as C$60.20. Altius Minerals shares last traded at C$59.65, with a volume of 278,970 shares.

Analyst Ratings Changes

Several research firms recently commented on ALS. BMO Capital Markets raised their target price on Altius Minerals from C$44.00 to C$49.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. National Bank Financial raised their target price on Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Raymond James Financial raised their target price on Altius Minerals from C$52.00 to C$59.00 in a research note on Thursday, May 14th. TD cut Altius Minerals from a “buy” rating to a “hold” rating and raised their target price for the stock from C$52.00 to C$54.00 in a research note on Friday, April 10th. Finally, Canaccord Genuity Group raised their target price on Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Altius Minerals presently has an average rating of “Hold” and a consensus price target of C$53.36.

Altius Minerals Stock Up 3.0%

The company has a quick ratio of 6.49, a current ratio of 9.96 and a debt-to-equity ratio of 6.56. The stock has a 50 day simple moving average of C$51.43 and a 200 day simple moving average of C$45.97. The stock has a market cap of C$3.32 billion, a price-to-earnings ratio of 9.53 and a beta of 0.36.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. Altius Minerals had a return on equity of 32.43% and a net margin of 543.91%.The firm had revenue of C$22.17 million during the quarter. As a group, analysts expect that Altius Minerals Co. will post 0.3509869 earnings per share for the current fiscal year.

Insider Transactions at Altius Minerals

In related news, insider Stephanie Hussey bought 1,700 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of C$50.96 per share, for a total transaction of C$86,632.00. Following the completion of the acquisition, the insider directly owned 18,521 shares of the company’s stock, valued at C$943,830.16. This trade represents a 10.11% increase in their ownership of the stock. Also, insider Mark Raguz bought 1,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was bought at an average price of C$40.20 per share, for a total transaction of C$40,200.00. Following the acquisition, the insider directly owned 21,253 shares of the company’s stock, valued at approximately C$854,370.60. This represents a 4.94% increase in their ownership of the stock. Over the last ninety days, insiders bought 7,620 shares of company stock worth $338,274. 19.00% of the stock is currently owned by insiders.

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.