Altius Minerals (TSE:ALS) Given a C$60.00 Price Target by TD Analysts

Altius Minerals (TSE:ALS) received a C$60.00 target price from TD in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s price objective would suggest a potential upside of 2.65% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. ATB Cormark Capital Markets boosted their price target on Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. Scotiabank raised their price objective on Altius Minerals from C$57.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Monday, June 15th. National Bank Financial lifted their target price on Altius Minerals from C$62.50 to C$70.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. BMO Capital Markets boosted 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. Finally, TD Securities downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$61.75.

Altius Minerals Stock Performance

TSE ALS opened at C$58.45 on Wednesday. The firm’s 50 day simple moving average is C$58.43 and its 200 day simple moving average is C$51.28. The firm has a market capitalization of C$3.26 billion, a price-to-earnings ratio of 9.34 and a beta of 0.40. The company has a current ratio of 9.96, a quick ratio of 6.49 and a debt-to-equity ratio of 6.56. Altius Minerals has a 1 year low of C$28.33 and a 1 year high of C$66.05.

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 net margin of 543.91% and a return on equity of 32.43%. The business had revenue of C$22.17 million during the quarter. As a group, research analysts expect that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stephanie Hussey acquired 1,700 shares of Altius Minerals stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of C$50.96 per share, for a total transaction of C$86,632.00. Following the transaction, the insider directly owned 18,521 shares of the company’s stock, valued at approximately C$943,830.16. The trade was a 10.11% increase in their position. 19.00% of the stock is owned by corporate 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.