Altius Minerals (TSE:ALS) Given New C$40.00 Price Target at Raymond James Financial

Altius Minerals (TSE:ALS) had its target price boosted by stock analysts at Raymond James Financial from C$37.00 to C$40.00 in a report issued on Thursday,BayStreet.CA reports. Raymond James Financial’s price objective points to a potential downside of 8.86% from the company’s current price.

ALS has been the subject of a number of other research reports. Canaccord Genuity Group upped their price objective on Altius Minerals from C$38.00 to C$40.00 in a report on Friday, October 17th. BMO Capital Markets raised their target price on shares of Altius Minerals from C$34.00 to C$35.00 in a research report on Wednesday. Scotiabank raised their target price on shares of Altius Minerals from C$36.00 to C$37.00 in a research note on Tuesday, October 28th. National Bankshares raised their target price on shares of Altius Minerals from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Finally, TD Securities raised their price target on shares of Altius Minerals from C$34.00 to C$39.00 in a research report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$37.83.

Altius Minerals Stock Performance

Shares of TSE:ALS traded up C$1.41 during trading on Thursday, hitting C$43.89. 258,724 shares of the stock were exchanged, compared to its average volume of 94,642. The company has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 21.10 and a beta of 0.17. The company’s fifty day simple moving average is C$34.21 and its 200-day simple moving average is C$30.04. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36. Altius Minerals has a 1-year low of C$22.27 and a 1-year high of C$44.44.

Altius Minerals Company Profile

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.