Brian Dalton Buys 2,000 Shares of Altius Minerals (TSE:ALS) Stock

Altius Minerals Co. (TSE:ALS) Director Brian Dalton bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of C$43.66 per share, with a total value of C$87,320.00. Following the transaction, the director directly owned 828,356 shares in the company, valued at C$36,166,022.96. This trade represents a 0.24% increase in their ownership of the stock.

Altius Minerals Price Performance

Shares of ALS stock opened at C$41.19 on Friday. The stock’s fifty day simple moving average is C$45.18 and its 200 day simple moving average is C$39.75. Altius Minerals Co. has a one year low of C$22.27 and a one year high of C$49.73. The firm has a market cap of C$2.30 billion, a price-to-earnings ratio of 6.50 and a beta of 0.33. The company has a debt-to-equity ratio of 9.98, a current ratio of 15.11 and a quick ratio of 6.49.

Altius Minerals (TSE:ALS) last released its quarterly earnings data on Tuesday, March 10th. The company reported C$0.24 earnings per share (EPS) for the quarter. The firm had revenue of C$14.06 million during the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%. On average, analysts expect that Altius Minerals Co. will post 0.3509869 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALS. National Bank Financial lifted their price target on shares of Altius Minerals from C$45.50 to C$52.00 in a report on Thursday, January 29th. Canaccord Genuity Group upped their price objective on shares of Altius Minerals from C$47.00 to C$51.00 in a research note on Monday, March 16th. TD Securities raised their price objective on shares of Altius Minerals from C$39.00 to C$52.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Raymond James Financial lifted their target price on shares of Altius Minerals from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Finally, Scotiabank raised Altius Minerals to a “hold” rating in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$45.83.

About Altius Minerals

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.