Altius Minerals Co. (TSE:ALS) Given Consensus Rating of “Hold” by Analysts

Shares of Altius Minerals Co. (TSE:ALS) have been assigned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$56.36.

A number of research firms recently commented on ALS. Canaccord Genuity Group raised their price objective on shares of Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday, May 12th. TD Securities downgraded shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. National Bank Financial increased their target price on Altius Minerals from C$57.50 to C$62.50 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Scotiabank increased their target price on Altius Minerals from C$57.00 to C$58.00 and gave the company a “sector perform” rating in a report on Monday, June 15th. Finally, 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 report on Wednesday, May 13th.

Altius Minerals Price Performance

ALS stock opened at C$60.74 on Thursday. 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 one year low of C$26.83 and a one year high of C$65.92. The firm has a market capitalization of C$3.39 billion, a PE ratio of 9.70 and a beta of 0.40. The firm has a 50-day moving average of C$56.97 and a two-hundred day moving average of C$49.80.

Altius Minerals (TSE:ALS) last released its earnings results on Tuesday, May 12th. The company reported C$0.11 earnings per share 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 for the quarter. On average, analysts forecast that Altius Minerals will post 0.3509869 earnings per share for the current year.

Insider Transactions at Altius Minerals

In other Altius Minerals news, insider Stephanie Hussey acquired 1,700 shares of Altius Minerals stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the purchase, the insider owned 18,521 shares in the company, valued at approximately C$943,830.16. The trade was a 10.11% increase in their ownership of the stock. Corporate 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.