Brokerages Set Altius Minerals Co. (TSE:ALS) PT at C$25.97

Altius Minerals Co. (TSE:ALS) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$25.97.

Several research analysts have recently weighed in on ALS shares. Scotiabank boosted their price target on shares of Altius Minerals from C$23.00 to C$24.00 in a research report on Monday, August 19th. Canaccord Genuity Group boosted their price target on shares of Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a research report on Monday, September 16th.

Altius Minerals Trading Up 0.2 %

Shares of ALS opened at C$26.52 on Thursday. Altius Minerals has a 52-week low of C$16.11 and a 52-week high of C$27.43. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84. The firm’s fifty day moving average is C$23.30 and its two-hundred day moving average is C$21.99. The stock has a market cap of C$1.23 billion, a PE ratio of 85.55 and a beta of 0.93.

Altius Minerals (TSE:ALS) last announced its earnings results on Thursday, August 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.09. The company had revenue of C$19.52 million for the quarter, compared to analysts’ expectations of C$19.10 million. Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%. Research analysts forecast that Altius Minerals will post 0.479506 earnings per share for the current fiscal year.

Altius Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.36 annualized dividend and a yield of 1.36%. Altius Minerals’s dividend payout ratio (DPR) is currently 116.13%.

Altius Minerals Company Profile

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.