Altius Minerals (TSE:ALS) Given New C$23.75 Price Target at Laurentian

Altius Minerals (TSE:ALS) had its price objective increased by Laurentian from C$23.50 to C$23.75 in a research note issued to investors on Thursday, BayStreet.CA reports. Laurentian’s price objective points to a potential upside of 6.69% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Canaccord Genuity Group raised their price target on shares of Altius Minerals from C$24.00 to C$24.50 and gave the company a “buy” rating in a research report on Monday, April 22nd. TD Securities lifted their target price on Altius Minerals from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Scotiabank cut their target price on shares of Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating on the stock in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Altius Minerals currently has an average rating of “Moderate Buy” and a consensus target price of C$23.25.

Altius Minerals Trading Up 2.1 %

TSE:ALS traded up C$0.45 during trading hours on Thursday, reaching C$22.26. 54,643 shares of the stock were exchanged, compared to its average volume of 78,634. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$22.70. The business has a 50-day moving average of C$20.61 and a two-hundred day moving average of C$19.20. The company has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 111.60 and a beta of 0.93. The company has a quick ratio of 6.49, a current ratio of 11.23 and a debt-to-equity ratio of 18.38.

Altius Minerals (TSE:ALS) last issued its quarterly earnings results on Monday, March 11th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). Altius Minerals had a return on equity of 1.66% and a net margin of 13.83%. The business had revenue of C$16.10 million for the quarter, compared to analysts’ expectations of C$18.85 million. On average, equities analysts predict that Altius Minerals will post 0.3739763 EPS for the current year.

About Altius Minerals

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. The company owns royalty and streaming interests in 11 operating mines covering copper, zinc, nickel, cobalt, potash, iron ore, precious metals, and thermal and metallurgical coal.