Altius Minerals (TSE:ALS) Given New C$52.00 Price Target at TD Securities

Altius Minerals (TSE:ALS) had its price objective boosted by analysts at TD Securities from C$39.00 to C$52.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 16.72% from the company’s current price.

A number of other research analysts have also commented on ALS. BMO Capital Markets boosted their price target on shares of Altius Minerals from C$34.00 to C$35.00 in a research report on Wednesday, November 12th. National Bank Financial upped their price objective on shares of Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday, January 29th. Raymond James Financial lowered shares of Altius Minerals from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$9.00 to C$9.50 in a research report on Tuesday, December 30th. Finally, Scotiabank cut shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$37.58.

Altius Minerals Stock Down 3.7%

Shares of Altius Minerals stock traded down C$1.71 during trading hours on Thursday, reaching C$44.55. The company’s stock had a trading volume of 157,138 shares, compared to its average volume of 159,778. The company has a market capitalization of C$2.06 billion, a P/E ratio of 5.82 and a beta of 0.33. The stock’s fifty day simple moving average is C$45.12 and its two-hundred day simple moving average is C$39.15. Altius Minerals has a one year low of C$22.27 and a one year high of C$49.73. The company has a debt-to-equity ratio of 9.98, a quick ratio of 6.49 and a current ratio of 15.11.

Altius Minerals (TSE:ALS) last posted its earnings results on Tuesday, March 10th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$14.06 million for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. On average, research analysts forecast that Altius Minerals will post 0.3509869 earnings per share for the current year.

Insider Activity at Altius Minerals

In other Altius Minerals news, insider Flora Emily Mackay Wood bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were bought at an average price of C$43.15 per share, for a total transaction of C$43,150.00. Following the transaction, the insider directly owned 13,370 shares in the company, valued at C$576,915.50. This trade represents a 8.08% increase in their ownership of the stock. Also, insider Mark Raguz purchased 1,160 shares of the business’s stock in a transaction on Friday, January 30th. The shares were acquired at an average price of C$43.01 per share, with a total value of C$49,891.60. Following the completion of the transaction, the insider owned 20,253 shares of the company’s stock, valued at approximately C$871,081.53. This trade represents a 6.08% increase in their ownership of the stock. Company insiders own 19.00% of the company’s stock.

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.