Altius Minerals (TSE:ALS) Stock Price Expected to Rise, National Bankshares Analyst Says

Altius Minerals (TSE:ALS) had its price objective upped by investment analysts at National Bankshares from C$45.50 to C$52.00 in a report released on Thursday,BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 20.65% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets raised their target price on shares of Altius Minerals from C$34.00 to C$35.00 in a report on Wednesday, November 12th. Scotiabank lowered Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Raymond James Financial downgraded Altius Minerals from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$9.00 to C$9.50 in a report on Tuesday, December 30th. Canaccord Genuity Group boosted their price objective on Altius Minerals from C$38.00 to C$40.00 in a report on Friday, October 17th. Finally, TD Securities raised their target price on shares of Altius Minerals from C$34.00 to C$39.00 in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Altius Minerals currently has an average rating of “Moderate Buy” and an average price target of C$35.42.

Altius Minerals Price Performance

TSE:ALS opened at C$43.10 on Thursday. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. The business’s 50-day moving average price is C$42.02 and its 200 day moving average price is C$35.88. Altius Minerals has a 52-week low of C$22.27 and a 52-week high of C$48.54. The firm has a market cap of C$1.99 billion, a P/E ratio of 5.63 and a beta of 0.20.

Insider Activity at Altius Minerals

In related news, insider Mark Raguz bought 1,160 shares of the business’s stock in a transaction on Friday, January 30th. The stock was bought at an average price of C$43.01 per share, for a total transaction of C$49,891.60. Following the transaction, the insider directly owned 20,253 shares in the company, valued at C$871,081.53. This represents a 6.08% increase in their ownership of the stock. Also, insider Flora Emily Mackay Wood purchased 1,000 shares of the stock in a transaction dated Friday, January 30th. The shares were bought at an average price of C$43.15 per share, for a total transaction of C$43,150.00. Following the completion of the acquisition, the insider owned 13,370 shares in the company, valued at C$576,915.50. This represents a 8.08% increase in their ownership of the stock. Company insiders own 19.00% of the company’s stock.

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.