Altius Minerals (TSE:ALS) Upgraded at Scotiabank

Scotiabank upgraded shares of Altius Minerals (TSE:ALS) to a hold rating in a report published on Thursday,Zacks.com reports.

Several other research firms also recently commented on ALS. Canaccord Genuity Group increased their target price on shares of Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday, May 12th. ATB Cormark Capital Markets boosted their price target on Altius Minerals from C$68.00 to C$79.00 in a research report on Tuesday, July 14th. Raymond James Financial upped their price target on Altius Minerals from C$64.00 to C$66.00 in a research note on Monday, July 13th. National Bank Financial increased their price objective on Altius Minerals from C$62.50 to C$70.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets raised their price objective on Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Altius Minerals presently has an average rating of “Hold” and a consensus price target of C$61.75.

Altius Minerals Price Performance

TSE ALS opened at C$58.36 on Thursday. 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 market capitalization of C$3.25 billion, a PE ratio of 9.32 and a beta of 0.40. Altius Minerals has a 12-month low of C$28.33 and a 12-month high of C$66.05. The company has a 50 day moving average price of C$58.54 and a two-hundred day moving average price of C$51.33.

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

Insider Transactions at Altius Minerals

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

About Altius Minerals

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.