Altius Minerals (TSE:ALS) Reaches New 52-Week High – Here’s What Happened

Posted by Andrew Walz on Dec 24th, 2024

Altius Minerals Co. (TSE:ALS – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$27.50 and last traded at C$27.13, with a volume of 1720 shares changing hands. The stock had previously closed at C$26.90.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. National Bankshares raised their price objective on shares of Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Canaccord Genuity Group lifted their price objective on shares of Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, Scotiabank upgraded Altius Minerals from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$27.00 to C$33.00 in a research report on Monday.

View Our Latest Stock Report on ALS

Altius Minerals Price Performance

The firm has a market cap of C$1.26 billion, a PE ratio of 87.13 and a beta of 0.94. The company has a 50 day moving average price of C$26.21 and a 200 day moving average price of C$24.16. The company has a current ratio of 11.30, a quick ratio of 6.49 and a debt-to-equity ratio of 17.84.

Altius Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, November 29th. Altius Minerals’s dividend payout ratio (DPR) is 116.13%.

About Altius Minerals

(Get Free Report)

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.