Canaccord Genuity Group Increases Altius Minerals (TSE:ALS) Price Target to C$70.00

Altius Minerals (TSE:ALS) had its target price hoisted by Canaccord Genuity Group from C$60.00 to C$70.00 in a report issued on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 12.34% from the company’s current price.

Other equities research analysts also recently issued reports about the company. TD set a C$60.00 price target on Altius Minerals and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. BMO Capital Markets boosted their price target on Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Scotiabank upgraded Altius Minerals to a “hold” rating in a report on Thursday, July 23rd. National Bank Financial raised their price objective on shares of Altius Minerals from C$62.50 to C$70.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Finally, Raymond James Financial lifted their target price on shares of Altius Minerals from C$64.00 to C$66.00 in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Altius Minerals presently has an average rating of “Hold” and a consensus price target of C$63.00.

Altius Minerals Stock Down 0.0%

Shares of Altius Minerals stock traded down C$0.03 on Tuesday, hitting C$62.31. 126,588 shares of the company traded hands, compared to its average volume of 249,268. Altius Minerals has a 12-month low of C$28.63 and a 12-month high of C$66.05. The company has a quick ratio of 6.49, a current ratio of 9.96 and a debt-to-equity ratio of 6.56. The company has a market cap of C$3.66 billion, a PE ratio of 9.95 and a beta of 0.40. The company has a 50-day moving average price of C$59.84 and a 200 day moving average price of C$52.56.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Monday, August 10th. The company reported C$0.14 earnings per share (EPS) for the quarter. The business had revenue of C$23.15 million during the quarter. Altius Minerals had a return on equity of 32.43% and a net margin of 543.91%. Sell-side analysts predict that Altius Minerals will post 0.3509869 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Stephanie Hussey purchased 1,700 shares of the stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of C$50.96 per share, for a total transaction of C$86,632.00. Following the completion of the acquisition, the insider directly owned 18,521 shares in the company, valued at approximately C$943,830.16. This trade represents a 10.11% increase in their position. 19.00% of the stock is currently owned by company insiders.

Altius Minerals Company Profile

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.