Altius Minerals Co. to Issue Quarterly Dividend of $0.09 (TSE:ALS)

Altius Minerals Co. (TSE:ALS) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.09 per share on Monday, December 16th. This represents a $0.36 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, November 29th.

Altius Minerals Price Performance

Shares of TSE ALS traded up C$0.19 during trading hours on Wednesday, reaching C$26.65. 11,286 shares of the stock traded hands, compared to its average volume of 74,189. The company’s 50-day simple moving average is C$26.19 and its two-hundred day simple moving average is C$23.61. The company has a market capitalization of C$1.24 billion, a P/E ratio of 85.35 and a beta of 0.94. 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.

Wall Street Analysts Forecast Growth

ALS has been the subject of a number of recent research reports. National Bankshares boosted their price objective on shares of Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Canaccord Genuity Group upped 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 report on Monday, September 16th. Finally, Scotiabank raised their price target on shares of Altius Minerals from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th.

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.