Altius Minerals Co. (ALS.TO) – What Are Researchers Saying About This Stock?

Shares of Altius Minerals Co. (TSE:ALS) have been assigned an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$64.00.

A number of brokerages recently commented on ALS. National Bank Financial increased their price target on Altius Minerals from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Raymond James Financial boosted their price objective on Altius Minerals from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Scotiabank upgraded Altius Minerals to a “hold” rating in a research note on Thursday, July 23rd. Canaccord Genuity Group raised their target price on Altius Minerals from C$60.00 to C$70.00 in a research report on Tuesday, August 11th. Finally, ATB Cormark Capital Markets lifted their target price on Altius Minerals from C$68.00 to C$79.00 in a research note on Tuesday, July 14th.

Altius Minerals Trading Up 2.1%

Shares of ALS stock opened at C$64.53 on Friday. Altius Minerals has a 52-week low of C$32.09 and a 52-week high of C$69.55. The company has a debt-to-equity ratio of 6.47, a quick ratio of 6.49 and a current ratio of 13.49. The company has a 50-day simple moving average of C$64.64 and a two-hundred day simple moving average of C$58.65. The company has a market capitalization of C$3.79 billion, a price-to-earnings ratio of 10.24 and a beta of 0.47.

Altius Minerals (TSE:ALS) last posted its earnings results on Monday, August 10th. The company reported C$0.14 EPS for the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. The firm had revenue of C$23.15 million for the quarter. Research analysts anticipate that Altius Minerals will post 0.35 EPS for the current fiscal year.

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.