Altius Minerals Co. (TSE:ALS) Receives C$25.34 Consensus Price Target from Brokerages

Shares of Altius Minerals Co. (TSE:ALS) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$25.34.

ALS has been the subject of several recent analyst reports. Scotiabank upped their price objective on shares of Altius Minerals from C$22.00 to C$23.00 in a research report on Thursday, May 30th. Laurentian upped their price objective on shares of Altius Minerals from C$23.50 to C$23.75 in a research report on Thursday, May 9th. National Bankshares upped their price objective on shares of Altius Minerals from C$25.00 to C$26.00 in a research report on Friday, May 10th. Cormark upped their price objective on shares of Altius Minerals from C$30.00 to C$32.00 in a research report on Friday, May 10th. Finally, TD Securities upped their price objective on shares of Altius Minerals from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th.

Altius Minerals Trading Up 0.1 %

Shares of Altius Minerals stock opened at C$20.85 on Friday. The firm has a 50-day moving average of C$21.66 and a 200-day moving average of C$19.98. The stock has a market cap of C$968.48 million, a PE ratio of 109.74 and a beta of 0.95. Altius Minerals has a 52-week low of C$16.11 and a 52-week high of C$22.70. The company has a debt-to-equity ratio of 18.39, a quick ratio of 6.49 and a current ratio of 10.95.

Altius Minerals (TSE:ALS) last announced its earnings results on Wednesday, May 8th. The company reported C$0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.03. The company had revenue of C$17.49 million during the quarter, compared to analysts’ expectations of C$17.55 million. Altius Minerals had a net margin of 15.28% and a return on equity of 1.50%. As a group, sell-side analysts forecast that Altius Minerals will post 0.2895618 EPS for the current year.

Altius Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.09 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from Altius Minerals’s previous quarterly dividend of $0.08. Altius Minerals’s dividend payout ratio is 189.47%.

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.